NY Times Star Business Columnist, Gretchen Morgenson will be discussing her latest bestseller, “Reckless Endangerment: How Outsized Ambition, Greed, and Corruption Led to Economic Armageddon” with her Co-Author, Joshua Rosner.In Reckless Endangerment  they expose 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.

Morgenson and Rosner pull no punches in naming names and exposing the stench of what I have defined as the Wall Street-Washington incest. Reckless Endangerment identifies powerful people whose involvement in the debacle has not yet been chronicled and it connects key incidents that have seemed heretofore unrelated.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. Reckless Endangerment is an economic whodunit, on an international scale. But instead of a dead body as evidence, we have trillions of dollars in investments lost around the world, millions of Americans jettisoned from their homes and fourteen million U.S. workers without jobs. Such is the nature of this particular crime.

RECKLESS ENDANGERMENT:  http://www.amazon.com/Reckless-Endangerment-Outsized-Corruption-Armageddon/dp/0805091203