Chain of Blame (ePub)

An updated and revised look at the truth behind America's
housing and mortgage bubbles

In the summer of 2007, the subprime empire that Wall Street had
built all came crashing down. On average, fifty lenders a month
were going bust-and the people responsible for the crisis included
not just unregulated loan brokers and con artists, but also
investment bankers and home loan institutions traditionally
perceived as completely trustworthy.

Chain of Blame chronicles this incredible disaster, with
a specific focus on the players who participated in such a
fundamentally flawed fiasco. In it, authors Paul Muolo and Mathew
Padilla reveal the truth behind how this crisis occurred, including
what individuals and institutions were doing during this critical
time, and who is ultimately responsible for what happened.

* Discusses the latest revelations in the housing and mortgage
crisis, including the SEC's charging of Angelo Mozilo

* Two well-regarded financial journalists familiar with the
events that have taken place chronicle the crisis in detail,
showing what happened as well as what lies ahead

* Discusses how the world's largest investment banks, homeowners,
lenders, credit rating agencies, underwriters, and investors all
became entangled in the subprime mess

Intriguing and informative, Chain of Blame is a
compelling story of greed and avarice, one in which many are
responsible, but few are willing to admit their mistakes.