MARC Record from Library of Congress

LEADER: 03819cam a22003374a 4500
001 2010047594
003 DLC
005 20120217173202.0
008 101117s2011 nyua 001 0 eng
010 $a 2010047594
020 $a9780805091205
040 $aDLC$cDLC$dDLC
042 $apcc
043 $an-us---
050 00 $aHG2040.5.U5$bM58 2011
082 00 $a332.7/20973$222
084 $aBUS000000$aBUS027000$aPOL000000$2bisacsh
100 1 $aMorgenson, Gretchen.
245 10 $aReckles$ endangerment :$bhow outsized ambition, greed, and corruption led to economic armageddon /$cGretchen Morgenson and Joshua Rosner.
246 3 $aReckless endangerment
250 $a1st ed.
260 $aNew York :$bTimes Books/ Henry Holt and Co.,$c2011.
300 $axv, 331 p., [8] p. of plates :$bill. ;$c25 cm.
500 $aIncludes index.
520 $a"TheNew York Times's Pulitzer Prize-winning columnist reveals how the financial meltdown emerged from the toxic interplay of Washington, Wall Street, and corrupt mortgage lenders. In Reckless Endangerment, Gretchen Morgenson, the star business columnist of The New York Times, exposes how the watchdogs who were supposed to protect the country from financial harm were actually complicit in the actions that finally blew up the American economy. Drawing on previously untapped sources and building on original research from coauthor Joshua Rosner--who himself raised early warnings with the public and investors, and kept detailed records--Morgenson connects the dots that led to this fiasco. Morgenson and Rosner draw back the curtain on Fannie Mae, the mortgage-finance giant that grew, with the support of the Clinton administration, through the 1990s, becoming a major opponent of government oversight even as it was benefiting from public subsidies. They expose the role played not only by Fannie Mae executives but also by enablers at Countrywide Financial, Goldman Sachs, the Federal Reserve, HUD, Congress, the FDIC, and the biggest players on Wall Street, to show how greed, aggression, and fear led countless officials to ignore warning signs of an imminent disaster. Character-rich and definitive in its analysis, this is the one account of the financial crisis you must read"--$cProvided by publisher.
520 $a"In Reckless Endangerment, Gretchen Morgenson, the star business columnist of The New York Times, exposes how the watchdogs who were supposed to protect the country from financial harm were actually complicit in the actions that finally blew up the American economy. Drawing on previously untapped sources and building on original research from coauthor Joshua Rosner--who himself raised early warnings with the public and investors, and kept detailed records--Morgenson connects the dots that led to this fiasco. Morgenson and Rosner draw back the curtain on Fannie Mae, the mortgage-finance giant that grew, with the support of the Clinton administration, through the 1990s, becoming a major opponent of government oversight even as it was benefiting from public subsidies. They expose the role played not only by Fannie Mae executives but also by enablers at Countrywide Financial, Goldman Sachs, the Federal Reserve, HUD, Congress, the FDIC, and the biggest players on Wall Street, to show how greed, aggression, and fear led countless officials to ignore warning signs of an imminent disaster. Character-rich and definitive in its analysis, this is the one account of the financial crisis you must read"--$cProvided by publisher.
650 0 $aSubprime mortgage loans$zUnited States$xHistory$y21st century.
610 20 $aFederal National Mortgage Association$xHistory$y21st century.
650 0 $aFinancial crises$zUnited States$xHistory$y21st century.
650 0 $aGlobal Financial Crisis, 2008-2009.
700 1 $aRosner, Joshua.