Newest Review: ... In total there are about 363 pages. No small read, and is split into 13 chapters. The Authors are American based and as you would expe... more
Member Name: stebiz
Chain of Blame: How Wall Street Caused the Mortgage and Credit Crisis - Paul Muolo
Advantages: Lots of information
Disadvantages: Unknown companies and too many figures
I bought this book from Amazon back in August for about £8.99 and was looking forward to reading it. I am not a fiction reader and like to get into books that educate me or extend my knowledge. I certainly was intrigued to find out how Wall Street had a part to play in the Credit Crisis.
So when the book arrived, I couldn't wait to start reading. In total there are about 363 pages. No small read, and is split into 13 chapters. The Authors are American based and as you would expect the banks discussed mainly American ones.
As the companies were not well known to me I had a real problem trying to follow the story and names. To compound the problem there were way too many figures discussed. I'm quite used to reading business books and economics (and actually have a degree in the subject) but this went straight over my head, and was so hard to digest.
At chapter 5, I started reading the book again. My thoughts were that I could probably get into it a bit easier. Sadly not so. On my third time of trying I started to understand the sub prime sector in America a bit more, and how they packaged high risk mortgages with low risk ones, and sold them on as a package, and then on again - but I already knew that anyway. The language was very risque at times with F this and F that, but I guess a teenager isn't likely to be raeding it anyway.
So I'm sorry I can't tell you more about the final chapters but sadly for the first time I can remember, I gave up reading it. Maybe if you wanted to study the book, or were American, you would find it more useful. But as a night time read - forget it.
copyright stebiz2012 - also on ciao.co.uk
Summary: Not recommended as a pleasure read, more a study.
More reviews in the field of Non-Fiction Book
- Great for indulgence or practice!
- Mapping it out helped me find my direction!
- A mixed bag of projects that doesn't sit well with this knitter!
- Me a complainer???
- Highly recommended to anyone in or considering an open relationship.
- SOMEONE HAS TO DIE TONIGHT. True crime at it's best.
- "If a man chooses to do evil...it becomes my sacred duty to bash him to a pulp!" ...
- Almost everything you wanted to know about our land
- Revolutionary Iran: A History of the Islamic Republic - Michael Axworthy
- Racing Post Guide to the Flat 2013 - Edited by David Dew
- Q and A a Day: 5-Year Journal - Potter Style
- Python Programming for the Absolute Beginner - Mike Dawson
- Bigger Than Hitler Better Than Christ - Rik Mayall
- Don't Sleep, There are Snakes: Life and Language in the Amazonian Jungle - Danie ...
- Panorama of the Classical World - Nigel Spivey
- Advanced Psychology: Atypical Behaviour - Donald Pennington