7.2 /10 1 Votes
Language English Media type Hardcover ISBN 978-0470292778 Genre Non-fiction Country United States of America | 3.6/5 Goodreads Publication date 2008 Pages 328 pp. Originally published 2008 Publisher John Wiley & Sons OCLC 226355971 | |||||||||||||||||||||||||||||||||
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Subject Subprime mortgage crisis Similar Non-fiction books, Finance books | ||||||||||||||||||||||||||||||||||
Mathew padilla chain of blame talks at google
Chain of Blame: How Wall Street Caused the Mortgage and Credit Crisis is a 2008 book about the subprime mortgage crisis in the United States by investigative journalists Paul Muolo of National Mortgage News and Mathew Padilla of the Orange County Register. The book has an accompanying website with some excerpts, author biographies and a roundup of events in the subprime mortgage crisis that occurred after the book was printed.
Contents
Chain of blame how wall street caused the mortgage crisis
Overview
The book analyses the causes of the subprime mortgage crisis in the United States in an attempt to assign responsibility for the collapse of a number of mortgage companies in 2007-2008 and for the sharp rise in mortgage defaults in the wake of the sudden tightening of mortgage credit in the summer and early fall of 2007. The authors find that, while blame can be laid at every link of the mortgage production chain (borrowers, brokers, wholesale lenders) the ultimate culprits are Wall Street firms that carelessly securitized mortgage loan pools without appropriate diligence and attention to the quality of the underlying loans.
Important personalities
Publishing information
Japanese translation
In 2009 the book was published in Japanese by Nippon-Hyoron-Sha Co., Ltd. under the title サブプライム危機 : 実録. ISBN 978-4-535-55615-7.