
Reckless Endangerment
How Outsized Ambition, Greed, and Corruption Led to Economic Armageddon
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Narrated by:
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L. J. Ganser
The New York Times' 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 hear.
©2011 Gretchen Morgenson & Joshua Rosner (P)2011 Audible, Inc.Listeners also enjoyed...




















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Very informative. Cleared up a lot for me
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So informative
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Would you recommend this audiobook to a friend? If so, why?
Well written and read. Reveals history of the 2007-8 real estate collapse in detail exposing the people in power and how they used it to enrich themselves at the expense of everyone else. Nobody has gone to jail and those involved really think they did nothing wrong.If you could give Reckless Endangerment a new subtitle, what would it be?
They Robbed the Bank and Nobody Went to JailReckless Endangerment
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What did you love best about Reckless Endangerment?
Reckless Endangerment was an interesting overview of how we find ourselves in our recent financial crisis (at least with respect to issues in the United States). The authors do a nice job of tying individual events of the last twenty years and how they led, foreseeably to our current situation. Overall I enjoyed this book though it felt at times less of an historic review and more of an editorial.What did you like best about this story?
Great overview of recent financial events.Was this a book you wanted to listen to all in one sitting?
No, but I don't think that at all harmed my opinion of the book.Any additional comments?
Overall, an enjoyable book though the perspective felt a bit slanted at times.Good story, felt somewhat biased
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We Shudda Saw it Comin'
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Best Explaination of WHAT HAPPENED
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Would you consider the audio edition of Reckless Endangerment to be better than the print version?
Both format are good.What was the most compelling aspect of this narrative?
Clear narration.Any additional comments?
Thanks to the author to dig out the stories that strongly linked to the financial crisis in 2007 - 2008. We might ask a bigger question. If the actors are changed, would the financial crisis occur sooner or later? Is the political/economic environment encourage such behavior even the actors are different? In fact, since 2009, whenever there is a lack of bad economic news, the bubbles continue to blow. It is some of our fundamental believes that need adjustment. We are waiting for next real clear minded economist or philosopher to provide the guidance with some simple metaphor such as invisible hands to move the society to next level.Does the stories lead to a bigger questions?
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Good, but mostly old news
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Where does Reckless Endangerment rank among all the audiobooks you’ve listened to so far?
Of the politically oriented books, this is in the top 3.Who was your favorite character and why?
Franklin Raines: The poster child for self-enriching political corruption.Which scene was your favorite?
N/AWas this a book you wanted to listen to all in one sitting?
Not without a bottle of Laphroaig.Any additional comments?
Read this before you vote for anyone.Required reading for enlightened citizenship
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Any additional comments?
A good analysis of the real estate meltdown, which is overall in line with how I remember things going down.Interesting read
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