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

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.

* Discusses the latest revelations in the housing and mortgage crisis, including the SEC's charging of Angelo Mozilo
* Two well-regarded financial journalists familiar with the events that have taken place chronicle the crisis in detail, showing what happened as well as what lies ahead
* Discusses how the world's largest investment banks, homeowners, lenders, credit rating agencies, underwriters, and investors all became entangled in the subprime mess Intriguing and informative, Chain of Blame is a compelling story of greed and avarice, one in which many are responsible, but few are willing to admit their mistakes.

Introduction: Financial Ashes.

Cast of Characters.

Chapter 1 Angelo Speaks, the Worldwide Contagion Begins.

Chapter 2 The Repo Man Meets the Bald Granny: A Short History of Subprime.

Chapter 3 The Death of the Bailey Building and Loan, the Rise of Millionaire Loan Brokers and Countrywide.

Chapter 4 The Beach Boys of B&
C: How Roland Arnall Became the Johnny Appleseed of Subprime.

Chapter 5 Angelo Rising: The Son of a Bronx Butcher Makes Good.

Chapter 6 The Holy Roller of REITs.

Chapter 7 The End of the (New) Century.

Chapter 8 A Conspiracy by Merrill?

Chapter 9 A Warning from Lewie: CDOs, SIVs, and Other Things No One Understands.

Chapter 10 Deep in the Belly of the Bear.

Chapter 11 Armageddon Times: The Tan Man Departs, Bye-Bye Bear.

Chapter 12 What the Hell Happened? Ten Bad Years for Housing in America.

Chapter 13 TARP, the Great Recession, and the Return of Stan Kurland.

Afterword TBTF: A Mortgage Cartel Rises from the Ashes.

Source and Interview Notes.

Glossary.

Acknowledgments.

About the Authors.

Index.