Chain of Blame chronicles this incredible disaster, with a specific focus on the players who participated in such a fundamentally flawed fiasco. Acclaimed financial reporters Muolo and Padilla go behind the headlines to expose the truth about how this crisis occurred, what individuals and institutions-from lenders and brokers to some of the biggest investment banks in the world-were doing during this critical time, who is ultimately responsible for what happened, and perhaps more importantly, why everyone was so taken by surprise.
The authors reveal how human behavior and greed drove the demand, supply, and the investor appetite for these types of loans - and how Wall Street was all too willing to satisfy the desires of those who should have known better.
Great history of events, personalities and issues explained well and excellent narration. It's one of those listens you can't put down. Loved it!