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How Wall Street Caused the Mortgage and Credit Crisis
Wiley
July 2008
On Sale: July 8, 2008
352 pages ISBN: 0470292776 EAN: 9780470292778 Hardcover
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Non-Fiction
Praise for Chain of Blame The truth behind America's housing and mortgage crisis "Two of the smartest, most entertaining investigative
reporters alive, describe one of the most important
financial stories of our time. If you had any skin at all
in the housing boom, you've got to read the story of
exactly how that boom went bust. As Paul Muolo did with the
S&L crisis of the '80s, he and Mathew Padilla have now
become the chief chroniclers of the subprime crisis."
-David Asman, Host of America's Nightly Scoreboard on Fox
Business Network and Forbes on Fox on Fox News Channel, and
former op-ed editor of the Wall Street Journal "Paul Muolo and Mathew Padilla display their deep knowledge
of the mortgage industry and all its players. Chain of
Blame is a comprehensive examination of a crisis that
affects us all."
-Scott Cohn, Senior Correspondent, CNBC 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
crisisincluded not justunregulated loan brokers andcon
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. Authors Paul Muolo and Mathew
Padilla, well-regarded journalists for National Mortgage
News and the Orange County Register respectively, reveal
the truth behind how this crisis occurred, what individuals
and institutions-from lenders and brokers to some of the
biggest investment banks in the world-were doing during
this critical time, and who is ultimately responsible for
what happened.
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