Bringing The World Home To You

© 2023 WUNC North Carolina Public Radio
120 Friday Center Dr
Chapel Hill, NC 27517
919.445.9150 | 800.962.9862
91.5 Chapel Hill 88.9 Manteo 90.9 Rocky Mount 91.1 Welcome 91.9 Fayetteville 90.5 Buxton 94.1 Lumberton 99.9 Southern Pines
Play Live Radio
Next Up:
Available On Air Stations

Is Wall Street At Fault For Mortgage Meltdown?

The subprime mortgage crisis has led to more than a million home foreclosures and has sent ripples through the world economy. But who is to blame for this situation? According to financial writer Paul Muolo, fingers should be pointing at Wall Street.

Muolo is executive editor of National Mortgage News. He and reporter Mathew Padilla wrote Chain of Blame: How Wall Street Caused the Mortgage and Credit Crisis. The book focuses on Angelo Mozilo, founder and CEO of Countrywide Financial, using his story to trace the complicated events that led to the crisis.

Muolo also co-wrote Inside Job: The Looting of America's Savings and Loans and Profiting from the Bank and Savings & Loan Crisis.

Copyright 2022 Fresh Air. To see more, visit Fresh Air.