Reckless Endangerment

Cover Type: Hardcover
Book Condition: Fine
Jacket Condition: Fine
Publisher: Henry Holt And Co
Publisher Place: New York
Publisher Year: 2011
Edition: First Edition

Description: 331 pages. Book and Jacket appear to have hardly been read and are both in Fine condition throughout.

Publishers Description: The New York Timess Pulitzer Prize-winning columnist reveals how the financial meltdown emerged from the toxic interplay of Washington, Wall Street, and corrupt mortgage lenders.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 coauthor Joshua Rosnerwho himself raised early warnings with the public and investors, and kept detailed recordsMorgenson 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. Character-rich and definitive in its analysis, this is the one account of the financial crisis you must read.

ISBN: 9780805091205