1.

Record Nr.

UNINA9910782130103321

Autore

Muolo Paul

Titolo

Chain of blame [[electronic resource] ] : how Wall Street caused the mortgage and credit crisis / / Paul Muolo, Mathew Padilla

Pubbl/distr/stampa

Hoboken, N.J., : John Wiley & Sons, c2008

ISBN

1-118-03958-0

1-281-74428-X

9786611744281

0-470-40988-6

Descrizione fisica

1 online resource (354 p.)

Altri autori (Persone)

PadillaMathew

Disciplina

332.7/20973

Soggetti

Mortgages - United States

Mortgage loans - United States

Financial crises - United States

Stock exchanges - United States

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Description based upon print version of record.

Nota di bibliografia

Includes bibliographical references (p. 309-317) and index.

Nota di contenuto

Chain of Blame: How Wall Street Caused the Mortgage and Credit Crisis; Contents; Acknowledgments; Introduction; Cast of Characters; Chapter 1: Angelo Speaks, the Worldwide Contagion Begins; Chapter 2: The Repo Man Meets the Bald Granny; Chapter 3: The Death of the Bailey Building and Loan, the Rise of Millionaire Loan Brokers and Countrywide; Chapter 4: The Beach Boys of B&C; Chapter 5: Angelo Rising; Chapter 6: The Holy Roller of REITs; Chapter 7: The End of the (New) Century; Chapter 8: A Conspiracy by Merrill?; Chapter 9: A Warning from Lewie; Chapter 10: Deep in the Belly of the Bear

Chapter 11: Armageddon TimesChapter 12: What the Hell Happened?; Chapter 13: We Buried (Some of) Our Garbage Overseas; Source and Interview Notes; Glossary; About the Authors; Index;

Sommario/riassunto

In the summer of 2007, the subprime empire that Wall Street had built all came crashing down. Banks like Countrywide and non-banks such as New Century Financial--all financed by Bear Stearns, Goldman Sachs, Merrill Lynch, Lehman Brothers and others--were in danger of closing, or actually failing. On average, 50 lenders a month were going



bust.  Chain of Blame will chronicle the disaster, focusing on the players - the executives on Wall Street but also the lenders and brokers. It's a national story of greed and avaraice, one that hasn't come down the pike since the S&L scandal.--From publisher description.