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Author Morgenson, Gretchen

Title Reckless endangerment : how outsized ambition, greed, and corruption led to economic Armageddon / Gretchen Morgenson, Joshua Rosner

Publ Info New York : Times Books, 2011
Edition First edition
 Bryant Main Stacks  HG2040.5.U5 M58 2011    AVAILABLE
 Bryant Reserve  HG2040.5.U5 M58 2011 c.2  AVAILABLE  Professor Hodgkin
 J&W-Charlotte  HG2040.5.U5 M58 2011    AVAILABLE
 RIC Browsing  HG2040.5.U5 M58 2011    AVAILABLE
 RWU Main Library  HG2040.5.U5 M58 2011    AVAILABLE
Descript xv, 331 pages, 8 unnumbered pages of plates : illustrations ; 25 cm
text rdacontent
unmediated rdamedia
volume rdacarrier
Note Includes index
"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 read"--Provided by publisher
LC subject Subprime mortgage loans -- United States -- History -- 21st century
Federal National Mortgage Association -- History -- 21st century
Financial crises -- United States -- History -- 21st century
Global Financial Crisis, 2008-2009
Add Author Rosner, Joshua
ISBN 9780805091205 (hardback)
0805091203 (hardback)