As markets fell apart and fear gripped the nation, everyone asked: Who’s to blame for this mess? Time Magazine even ran a cover story fingering the top 25 people it deemed responsible.
The tables have turned on the blame game. Wall Street players are starting to elbow their way into the spotlight to say, “Blame me!” First there was the computer whiz who wrote a gripping first-person account for New York Magazine on how his handiwork on Wall Street helped to blow up the economy. And now there’s a new book by an investment banker who tells all about the evils of the collateralized debt obligation market.
Icon Books this week publishes a book by Tetsuya Ishikawa entitled “How I caused the credit crunch”, which is a semi-fictional account of his seven-year career in structured credit at ABN Amro, Morgan Stanley and Goldman Sachs.
Here are a few titles I’d love to see come out next:
Fannie Mae was my Moll by Barney Frank
How to Milk Wall Street While Pandering to Main Street by Christopher Dodd
Loans Gone Wild by Angelo Mozilo
Confessions of a Mortgage Pusher by Andrew Cuomo
It Wasn’t Goldman Sachs: My Years at Citibank by Robert Rubin
The World’s Best Bridge Tournaments by James Cayne
I’d love to hear your ideas for true confessions from your favorite enablers.
image via Wikipedia