Thursday, June 2, 2011

How Outsized Ambition, Greed, and Corruption Led to Economic Armageddon”

A prominent Wall Street analyst predicted this week that not a single top executive at Goldman Sachs will face criminal prosecution for the company’s role in causing the financial meltdown of 2008. “I think that there is a genuine sense out there that there are two sets of rules, one for big and powerful institutions that are deemed to be too politically interconnected or powerful to fail, and the rest of us, Main Street,” says our guest Gretchen Morgenson, the Pulitzer Prize-winning business reporter who has written extensively on how the U.S. government has failed to prosecute any of the top figures who played a role in the economic crash. Morgenson and Joshua Rosner are co-authors of the new book Reckless Endangerment: How Outsized Ambition, Greed, and Corruption Led to Economic Armageddon.

1 comment:

  1. This book should be required reading for everyone. It not only details the events and actions that lead up to our current economic crisis, it also hints at the bigger problems that face our country that of the revolving door of leadership in Washington. Read this book!