ISBN: Ostalo
Oblast: Ekonomija
Jezik: Engleski
Godina izdanja: K40
Autor: Strani

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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. On average, fifty lenders a month were going bust-and the people responsible for the crisis included not just unregulated loan brokers and con 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. In it, authors Paul Muolo and Mathew Padilla reveal the truth behind how this crisis occurred, including what individuals and institutions were doing during this critical time, and who is ultimately responsible for what happened.

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.

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.

Knjiga analizira uzroke hipotekarne krize u Sjedinjenim Državama u pokušaju da se dodelji odgovornost za kolaps više hipotekarnih kompanija u 2007.-2008. I za nagli porast hipotekarnih hipoteka nakon naglog zatezanja hipoteke. Krediti u ljeto i početkom jeseni 2007. Autori otkrivaju da, iako krivicu možete snositi na svakoj vezi lanca hipotekarnih proizvoda (dužnici, brokeri, zajmodavci na veliko), glavni krivci su kompanije sa Vall Streeta koje bezbrižno sekuritiziraju bazene hipotekarnih kredita bez odgovarajuća marljivost i pažnja na kvalitet osnovnih zajmova.