Chain of Blame: How Wall Street Caused the Mortgage and Credit Crisis

In the summer of 2007, the subprime empire that Wall Street had\nbuilt all came crashing down. On average, fifty lenders a month\nwere going bust-and the people responsible for the crisis included\nnot just unregulated loan brokers andcon artists, but also\ninvestment bankers and home loan institutions traditionally\nperceived as completely trustworthy.

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Chain of Blame chronicles this incredible disaster, with a\nspecific focus on the players who participated in such a\nfundamentally flawed fiasco. Authors Paul Muolo and Mathew Padilla,\nwell-regarded journalists for National Mortgage News and the Orange\nCounty Register respectively, reveal the truth behind how this\ncrisis occurred, what individuals and institutions-from lenders and\nbrokers to some of the biggest investment banks in the world-were\ndoing during this critical time, and who is ultimately responsible\nfor what happened.

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