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- Local Warehouse Business- History and Biography

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

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

 

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Publisher Comments:

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. Investigating the origins of the financial crisis means shedding light on exceedingly dark corners in Washington and on Wall Street. Hidden in these shadows are people, places, and incidents that can help us understand the nature of this disaster so that we can keep anything like it from happening again. Character rich and definitive in its analysis, this is the one account of the financial crisis you must read.

Product Details

ISBN:
9781455851669
Author:
Morgenson, Gretchen
Publisher:
Brilliance Corporation
Subject:
Economics - General
Subject:
Business-History and Biography
Publication Date:
20120231
Binding:
MP3 CD
Language:
English

Related Subjects

Business » Accounting and Finance
Business » History and Biographies
History and Social Science » Economics » General
History and Social Science » World History » General

Reckless Endangerment: How Outsized Ambition, Greed, and Corruption Led to Economic Armageddon New Mp3 Cd
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