Reckless Endangerment

Reckless Endangerment : How Outsized Ambition, Greed, and Corruption LED to Economic Armageddon

3.93 (1,410 ratings by Goodreads)
Narrator  , By (author)  , By (author) 

List price: US$19.99

Currently unavailable

Add to wishlist

AbeBooks may have this title (opens in new window).

Try AbeBooks

Description

A "Washington Post" Notable Nonfiction Book for 2011
One 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 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 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 hear."
show more

Product details

  • CD-Audio
  • 134.62 x 190.5 x 15.24mm | 294.83g
  • English
  • Unabridged
  • Unabridged
  • 1455851663
  • 9781455851669
  • 2,664,697

Rating details

1,410 ratings
3.93 out of 5 stars
5 33% (464)
4 37% (521)
3 23% (320)
2 6% (78)
1 2% (27)
Book ratings by Goodreads
Goodreads is the world's largest site for readers with over 50 million reviews. We're featuring millions of their reader ratings on our book pages to help you find your new favourite book. Close X