Reckless Endangerment
Reckless Endangerment
Summary
Exposes how the watchdogs who were supposed to protect the country from financial harm were actually complicit in the actions that finally blew up the American economy. This title shows how greed, aggression, and fear led countless officials to ignore warning signs of an imminent disaster.
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Reckless Endangerment by Gretchen Morgenson
In "Reckless Endangerment", Gretchen Morgenson, the star business columnist of "The New York Times", exposes how the watchdogs who were supposed to protect the country from financial harm were actually complicit in the actions that finally blew up the American economy. Drawing on previously untapped sources and building on original research from co-author Joshua Rosner - who himself raised early warnings with the public and investors, and kept detailed records - Morgenson connects the dots that led to this fiasco. Morgenson and Rosner draw back the curtain on Fannie Mae, the mortgage-finance giant that grew, with the support of the Clinton administration, through the 1990s, becoming a major opponent of government oversight even as it was benefiting from public subsidies. They expose the role played not only by Fannie Mae executives but also by enablers at Countrywide Financial, Goldman Sachs, the Federal Reserve, HUD, Congress, the FDIC, and the biggest players on Wall Street, to show how greed, aggression, and fear led countless officials to ignore warning signs of an imminent disaster.Gretchen Morgenson is an assistant business and financial editor and a columnist at the New York Times, where she has covered the world financial markets since 1998 and won the Pulitzer Prize for her trenchant and incisive coverage of Wall Street. Having worked as a stockbroker at Dean Witter Reynolds in the early 1980s, Morgenson lends her reporting a depth of knowledge and skepticism uncommon in financial journalism.
| SKU | Unavailable |
| ISBN 13 | 9780805091205 |
| ISBN 10 | 0805091203 |
| Title | Reckless Endangerment |
| Author | Gretchen Morgenson |
| Condition | Unavailable |
| Binding Type | Hardback |
| Publisher | Times Books |
| Year published | 2011-05-24 |
| Number of pages | 352 |
| Cover note | Book picture is for illustrative purposes only, actual binding, cover or edition may vary. |
| Note | Unavailable |