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Reckless Endangerment: How Outsized Ambition, Greed, and Corruption Created the Worst Financial Crisis of Our Time
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Bibliographic Detail
Publisher Griffin
Publication date June 5, 2012
Pages 343
Binding Paperback
Edition Reprint
Book category Adult Non-Fiction
ISBN-13 9781250008794
ISBN-10 1250008794
Dimensions 1 by 5.25 by 8.50 in.
Weight 0.70 lbs.
Original list price $17.99
Summaries and Reviews
Amazon.com description: Product Description:

A Washington Post Notable Nonfiction Book for 2011
One of The Economist's 2011 Books of the Year

In Reckless Endangerment, Gretchen Morgenson 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, 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, and with a new afterword that brings the story up to date, this is the one account of the financial crisis you must read.



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Paperback
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With Gretchen Morgenson | Reprint edition from Griffin (June 5, 2012)
9781250008794 | details & prices | 343 pages | 5.25 × 8.50 × 1.00 in. | 0.70 lbs | List price $17.99
About: A Washington Post Notable Nonfiction Book for 2011 One of The Economist's 2011 Books of the Year In Reckless Endangerment, Gretchen Morgenson 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.

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