Reckless Endangerment: How Outsized Ambition, Greed, and Corruption Created the Worst Financial Crisis of Our Time

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Paperback, St Martins Pr, 2012, ISBN13 9781250008794, ISBN10 1250008794

About this item

Important Made in USA Origin Disclaimer: For certain items sold by Walmart on Walmart.com, the displayed country of origin information may not be accurate or consistent with manufacturer information. For updated, accurate country of origin data, it is recommended that you rely on product packaging or manufacturer information.
Examines the role of Fannie Mae, other government agencies, private mortgage companies, and Wall Street firms in the 2008-2009 financial crisis and describes how greed and fear led each institution to ignore warnings about the coming economic collapse.

About this item

Important Made in USA Origin Disclaimer: For certain items sold by Walmart on Walmart.com, the displayed country of origin information may not be accurate or consistent with manufacturer information. For updated, accurate country of origin data, it is recommended that you rely on product packaging or manufacturer information.

Examines the role of Fannie Mae, other government agencies, private mortgage companies, and Wall Street firms in the 2008-2009 financial crisis and describes how greed and fear led each institution to ignore warnings about the coming economic collapse.

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.

Specifications

Number of Pages: 343
Original Languages: English
Author: Morgenson, Gretchen ,  Rosner, Joshua
Publisher: St Martins Pr
Publication Date: June, 2012
ISBN-13: 9781250008794
Digital Video Formats: Paperback
Assembled Product Dimensions (L x W x H): 5.25 x 8.50 x 1.00 IN
ISBN-10: 1250008794
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