Saturday, June 25, 2011

Recommended Book Reading-Economic Crisis 2008

I came across Greetchen Morgenson of The New York Times on Fox and Friends yesterday talking about her new book which details the economic collapse and its origins going back to the 1990's with Fannie Mae. This book is entitled Reckless Endangerment: How Outsized Ambition, Greed, and Corruption Led to Economic Armageddon by Greetchen Morgenson.

I definitely want to check this out of the library!

Product Description from Amazon:

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

Character-rich and definitive in its analysis, this is the one account of the financial crisis you must read.

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