We are currently making improvements to the Audible site. In an effort to enhance the accessibility experience for our customers, we have created a page to more easily navigate the new experience, available at the web address www.audible.com/access.
Call anytime(888) 283-5051
 >   > 
Reckless Endangerment: How Outsized Ambition, Greed, and Corruption Led to Economic Armageddon | [Gretchen Morgenson, Joshua Rosner]

Reckless Endangerment: How Outsized Ambition, Greed, and Corruption Led to Economic Armageddon

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.
Regular Price:$24.95
  • Membership Details:
    • First book free with 30-day trial
    • $14.95/month thereafter for your choice of 1 new book each month
    • Cancel easily anytime
    • Exchange books you don't like
    • All selected books are yours to keep, even if you cancel
  • - or -

Your Likes make Audible better!

'Likes' are shared on Facebook and Audible.com. We use your 'likes' to improve Audible.com for all our listeners.

You can turn off Audible.com sharing from your Account Details page.

OK

Publisher's Summary

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.

What the Critics Say

"Naming names and taking no prisoners, they drill deep into one of the most disturbing scandals of our time, perpetrated in the name of helping "the little guy." Read it and weep. Read it and vow: Never Again! (Bill Moyers)

What Members Say

Average Customer Rating

4.0 (110 )
5 star
 (51)
4 star
 (29)
3 star
 (16)
2 star
 (7)
1 star
 (7)
Overall
4.2 (93 )
5 star
 (49)
4 star
 (24)
3 star
 (10)
2 star
 (5)
1 star
 (5)
Story
4.1 (94 )
5 star
 (43)
4 star
 (31)
3 star
 (12)
2 star
 (4)
1 star
 (4)
Performance
Sort by:
  •  
    Vernon ROYSE CITY, TX, United States 04-17-13
    Vernon ROYSE CITY, TX, United States 04-17-13 Member Since 2011
    HELPFUL VOTES
    1
    ratings
    REVIEWS
    5
    5
    FOLLOWERS
    FOLLOWING
    0
    0
    Overall
    Performance
    Story
    "Interesting read"
    Any additional comments?

    A good analysis of the real estate meltdown, which is overall in line with how I remember things going down.

    0 of 0 people found this review helpful
  •  
    GERALD VINELAND, NJ, United States 02-23-13
    GERALD VINELAND, NJ, United States 02-23-13 Member Since 2012
    ratings
    REVIEWS
    3
    1
    Overall
    Performance
    Story
    "Reckless Endangerment"
    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 Jail


    0 of 0 people found this review helpful
  •  
    Stan Dallas, TX, United States 08-20-12
    Stan Dallas, TX, United States 08-20-12 Member Since 2011
    ratings
    REVIEWS
    3
    2
    Overall
    Performance
    Story
    "Good, but mostly old news"

    Interesting read, but was a rehash of so many other books about the meltdown. Not much new information - was interesting how many of the old Barney Frank cronies that got us into the mess are now saying it was somebody else's fault (EG: "Bush's fault") Vote 'em out of office, now......

    0 of 0 people found this review helpful
  •  
    Chen Atlanta, GA, United States 04-14-12
    Chen Atlanta, GA, United States 04-14-12 Listener Since 2004
    ratings
    REVIEWS
    1
    1
    Overall
    Performance
    Story
    "Does the stories lead to a bigger questions?"
    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.

    0 of 0 people found this review helpful
  •  
    S. Hawkins Atlanta 11-15-11
    S. Hawkins Atlanta 11-15-11 Member Since 2006
    HELPFUL VOTES
    17
    ratings
    REVIEWS
    10
    4
    FOLLOWERS
    FOLLOWING
    0
    0
    Overall
    Performance
    Story
    "Propaganda, not journalism"

    I wasn't previously familiar with the author's work, but I figured that a Pulitzer prize winner would make an effort to maintain some semblance of journalistic integrity. I knew from the title that the book would have a point of view, but I wasn't expecting it to be blatant spin.

    I don't even necessarily disagree with the premise--Fannie and Freddie were indeed a big part of the problem--I just resent the fact that the book is being sold as something other than partisan hyperbole. The facts that the narrator presented are, from what I can tell, actual facts, but they're not being reported, they're being sold. It's even narrated in a sort of preachy, outraged tone. I got about three hours in, then gave up.

    If you're looking for a more balanced examination of the same general events, I recommend The End of Wall Street. If you're just killing time until Glenn Beck comes on, this will probably be to your taste.

    Can I have my credit back?

    6 of 24 people found this review helpful
  • Showing: 11-15 of 15 results PREVIOUS12NEXT

    There are no listener reviews for this title yet.

Report Inappropriate Content

If you find this review inappropriate and think it should be removed from our site, let us know. This report will be reviewed by Audible and we will take appropriate action.

Cancel

Thank You

Your report has been received. It will be reviewed by Audible and we will take appropriate action.