Reckless Endangerment
How Outsized Ambition, Greed, and Corruption Led to Economic Armageddon
Gretchen Morgenson(Author)
Times Books (Publisher)
Published on 24. May 2011
Book
Hardback
352 pages
978-0-8050-9120-5 (ISBN)
Description
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 co-author 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.
More details
Language
English
Place of publication
United States
Dimensions
Height: 235 mm
Width: 156 mm
ISBN-13
978-0-8050-9120-5 (9780805091205)
Copyright in bibliographic data is held by Nielsen Book Services Limited or its licensors: all rights reserved.
Schweitzer Classification
Other editions
Additional editions

Gretchen Morgenson | Joshua Rosner
Reckless Endangerment
How Outsized Ambition, Greed, and Corruption Led to Economic Armageddon
E-Book
04/2025
Times Books
€22.46
Available for download