julianne
Senior Insider
If you like to intersperse some non-fiction with your "beach light", this book is a stunning expose of the architects of the 2008 financial crisis. Gretchen Morgenson & Joshua Rosner connect the dots brilliantly. The facts bear out their conclusion that powerful participants, ranging from politicians to bankers to regulators, orchestrated the disaster. Nowhere else has such a comprehensive and apolitical account been published. So carefully do the authors stick to their mission of presenting actual records and solid information that one has no idea of their political leanings....how refreshing! "Reckles$ Endangerment" exemplifies that best of investigative journalism.
This is a courageous book because they name names. They also pay homage to the few, lonely voices along the way who tried to sound the alarm. Sadly, in the final chapter, the authors acknowledge that most of the villains are still in positions of power or are enjoying retirement with millions of ill-gotten dollars! No one has really been held accountable and the one central figure (Angelo Mozilo) who paid a fine did not pay the money out of his own pocket; the $67.5 million fine was paid by Bank of America & insurance.
This book should be required reading in college ethics and economics classes.
This is a courageous book because they name names. They also pay homage to the few, lonely voices along the way who tried to sound the alarm. Sadly, in the final chapter, the authors acknowledge that most of the villains are still in positions of power or are enjoying retirement with millions of ill-gotten dollars! No one has really been held accountable and the one central figure (Angelo Mozilo) who paid a fine did not pay the money out of his own pocket; the $67.5 million fine was paid by Bank of America & insurance.
This book should be required reading in college ethics and economics classes.
