Chain of blame how Wall Street caused the mortgage and credit crisis /
In the summer of 2007, the subprime empire that Wall Street had built all came crashing down. Banks like Countrywide and non-banks such as New Century Financial--all financed by Bear Stearns, Goldman Sachs, Merrill Lynch, Lehman Brothers and others--were in danger of closing, or actually failing. On...
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| Format: | Electronic eBook |
| Language: | English |
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Hoboken, N.J. :
John Wiley & Sons,
c2008.
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| Online Access: | Click to View |
| Summary: | In the summer of 2007, the subprime empire that Wall Street had built all came crashing down. Banks like Countrywide and non-banks such as New Century Financial--all financed by Bear Stearns, Goldman Sachs, Merrill Lynch, Lehman Brothers and others--were in danger of closing, or actually failing. On average, 50 lenders a month were going bust. Chain of Blame will chronicle the disaster, focusing on the players - the executives on Wall Street but also the lenders and brokers. It's a national story of greed and avaraice, one that hasn't come down the pike since the S&L scandal.--From publisher description. |
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| Physical Description: | xiii, 338 p. |
| Bibliography: | Includes bibliographical references (p. 309-317) and index. |