- ISBN13: 9780470292778
- Condition: NEW
- Notes: Brand New from Publisher. No Remainder Mark.
Product Description
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 chronicl… More >>
Chain of Blame: How Wall Street Caused the Mortgage and Credit Crisis
Related posts:
- How Does Mortgage Fraud Affects The Subprime Mortgage Crisis?
- How To Find The Perfect Bad Credit Mortgage Loan And Bad Credit Mortgage Company?
- Bad Credit Mortgage
- 6 Credit Repair Steps to Close More Mortgage and Mortgage Refinancing Deals for Your Clients
- Practical Tips on Getting a Bad Credit Mortgage
This is a good book for an overview of the mortgage banking operation. However, any such book that fails to mention Rangel, Franks, or Dodd is lacking the substance required for full comprehension.
Rating: 3 / 5
Whether you agree with the authors’ conclusions or not, you cannot really understand how we got into our current financial crisis without reading this book.
Rating: 5 / 5
Very detailed exploration of the motivations, dynamics, individuals, and companies that escalated into the subprime morgage crisis. It was a bit of a dry read and too exhaustive for my tastes.
Rating: 2 / 5
I started reading Chain of Blame in mid-July 2008, which makes it among close to ten books on the broader subject so far on my night table. Muolo and Padilla are superb investigative reporters, and have a wonderful way of bringing both the story and characters to life. After reading chapter one, I only have this to say about Angelo Mozilo (to borrow a colorful descriptive phrase Mozilo was fond of using): “Angelo did not know what the “F” he was doing or talking about when it came to managing Countrywide.” A wonderfully written opening chapter, two thumbs way up.
Rating: 5 / 5
This book was an easy read. I like the way the authors tried to keep it simple, which must’ve been a challenge. This whole crisis and why it happened, is not that simple to explain, so the average person, who’s not in the world of high finance can understand. Muolo and Padilla did a good job breaking it down for us; exposing the culrpits involved and tried to give us an idea of what these guys were thinking. Obviously, they all swallowed that line from the movie Wall Street, “Greed is good”, and paid a hefty price with other people’s money.
Rating: 4 / 5