Muolo / Padilla Chain of Blame

How Wall Street Caused the Mortgage and Credit Crisis
1. Auflage 2010
ISBN: 978-1-118-03958-8
Verlag: John Wiley & Sons
Format: EPUB
Kopierschutz: Adobe DRM (»Systemvoraussetzungen)

E-Book, Englisch, 400 Seiten, E-Book

An updated and revised look at the truth behind America'shousing and mortgage bubbles
In the summer of 2007, the subprime empire that Wall Street hadbuilt all came crashing down. On average, fifty lenders a monthwere going bust-and the people responsible for the crisis includednot just unregulated loan brokers and con artists, but alsoinvestment bankers and home loan institutions traditionallyperceived as completely trustworthy.
Chain of Blame chronicles this incredible disaster, witha specific focus on the players who participated in such afundamentally flawed fiasco. In it, authors Paul Muolo and MathewPadilla reveal the truth behind how this crisis occurred, includingwhat individuals and institutions were doing during this criticaltime, and who is ultimately responsible for what happened.
* Discusses the latest revelations in the housing and mortgagecrisis, including the SEC's charging of Angelo Mozilo
* Two well-regarded financial journalists familiar with theevents 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 allbecame entangled in the subprime mess
Intriguing and informative, Chain of Blame is acompelling story of greed and avarice, one in which many areresponsible, but few are willing to admit their mistakes.

Autoren/Hrsg.

Muolo, Paul

Padilla, Mathew

Inhaltsverzeichnis

Introduction: Financial Ashes.
Cast of Characters.
Chapter 1 Angelo Speaks, the Worldwide ContagionBegins.
Chapter 2 The Repo Man Meets the Bald Granny: A ShortHistory of Subprime.
Chapter 3 The Death of the Bailey Building and Loan, theRise of Millionaire Loan Brokers and Countrywide.
Chapter 4 The Beach Boys of B&C: How Roland ArnallBecame the Johnny Appleseed of Subprime.
Chapter 5 Angelo Rising: The Son of a Bronx Butcher MakesGood.
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: CDOs, SIVs, and OtherThings No One Understands.
Chapter 10 Deep in the Belly of the Bear.
Chapter 11 Armageddon Times: The Tan Man Departs, Bye-ByeBear.
Chapter 12 What the Hell Happened? Ten Bad Years forHousing in America.
Chapter 13 TARP, the Great Recession, and the Return ofStan Kurland.
Afterword TBTF: A Mortgage Cartel Rises from theAshes.
Source and Interview Notes.
Glossary.
Acknowledgments.
About the Authors.
Index.

Über Autor(innen)

Paul Muolo is Executive Editor of National MortgageNews--which won a Polk Award in 1990 for its reporting onthe S&L crisis. His freelance work has appeared in the NewYork Times, the Washington Post, and Barron's.Muolo has been a guest on numerous media outlets, including CNN,CNBC, ABC, and Fox Business Network.
Mathew Padilla is a business journalist whose work on theimplosion of the Southern California subprime industry wasrecognized by the Society of American Business Editors andWriters.