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Gretchen Morgenson - Reckless Endangerment _ How Outsized Ambition, Greed and Corruption Led to Economic Armageddon

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 							Reckless Endangerment: How Outsized Ambition, Greed and Corruption Led to Economic Armageddon
  (Gretchen
Morgenson - 2011)
  
  A Washington Post Notable Nonfiction Book for 2011One of The Economist's 2011 Books of
the Year The New York Times's Pulitzer Prize-winning columnist reveals how the financial meltdown emerged from the toxic
interplay of Washington, Wall Street, and corrupt mortgage lendersIn 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 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. Character-rich
and definitive in its analysis, this is the one account of the financial crisis you must read.
  
  ISBN:
978-1429965774 						

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