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.
ISBN: 978-0-8050-9120-5
In stock
Related products
-
127 Hours: Between A Rock and a Hard Place by Aron Ralston
$0.00Add to cartTHE “EXTRAORDINARY” (Booklist) #1 INTERNATIONAL BESTSELLER—THE “HARROWING” (The Washington Post) SURVIVOR’S MEMOIR YOU WILL NEVER FORGET
Aron Ralston, an experienced twenty-seven-year-old outdoorsman, was on a day’s solitary hike through a remote and narrow Utah canyon when he dislodged an eight-hundred- pound boulder that crushed his right hand and wrist against the canyon wall. Emerging from the searing pain, Aron found himself completely stuck. No one knew where he was; no one was coming to rescue him. With scant water and food, and a cheap pocketknife his only tool, he eliminated his options one by one. On the fifth night, wracked by delirium and uncontrollable shivers, Aron scratched his epitaph into the rock wall, certain he would not see daylight.
Yet with the new morning came an epiphany: if he could use the rock’s vise-like hold to break his arm bones, his blunted pocketknife could serve as a surgeon’s blade…
ISBN: 978-1-4516-1850-1
Kingfisher Knowledge: The Middle East By Phillip Steele
$0.00Add to cartThe Middle East captures the richness and diversity of Middle Eastern culture and places the region in its global context in a way that no other reference has done for this age group. The Middle East dominates global news and politics, and its many historical and sociological complexities are difficult to understand. By examining a wide range of themes, including religion, resources, history, politics, and current affairs, and then embarking on a country-by-country examination, The Middle East is an excellent companion to any discussion of current news or social and political events.
ISBN: 978-7534-5984-3
Sister Mother Husband Dog by Delia Ephron
$0.00Add to cartIn Sister Mother Husband Dog, Delia Ephron brings her trademark wit and effervescent prose to a series of autobiographical essays about life, love, writing, movies, and family. In “Sister,” she deftly captures the rivalry, mutual respect, and intimacy that made up her relationship with her older sister and frequent writing companion, Nora. “Blame It on the Movies” is Ephron’s wry and romantic essay about becoming a writer and finding a storybook ending to her twenties, though it was just the beginning of a lifetime of taking notes. “Bakeries” is both a lighthearted tour through her favorite downtown patisseries and a thoughtful, deeply felt reflection on the dilemma of “having it all.” From keen observations on modern living, the joy of girlfriends, and best-friendship, to a consideration of the magical madness and miracle of dogs, to haunting recollections of life with her famed screenwriter mother and growing up the child of alcoholics, Ephron’s eloquent style and voice illuminate every moment of this superb and singular work.
ISBN: 978-0-399-16655-6E
The Rescuers: Kids Who Risked Everything to Save Others by Allan Zullo
$0.00Add to cartHave you heard about the babysitter who ran into a burning house to save young children?
How did a boy rescue his entire family from a terrible hurricane?
ISBN: 978-0-545-36281-8
