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Reckless Endangerment by Gretchen Morgenson

Thanks to Steve Miller for recommending this book.

Product Description
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 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 read.

(Click on picture of the book to go directly to amazon.com page.)

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Government gone wild.

http://www.youtube.com/embed/VtVbUmcQSuk

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Hmmm…
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From Gina Danner:

Hi Tom -

I have something that I’d like to share with fellow Eagleziners.

I sell direct mail. At least once a week someone makes a statement to the effect that printing is bad on the environment, that direct mail kills trees, OR I’m reminded in emails to save trees by not printing an email.

I’m here to tell you to use paper. Print that email. Get the newspaper. Request the direct mail. Don’t get me wrong, I love the environment; I especially love trees.

Here is why you can print to your heart’s content…

According to the EPA, nearly 57% of all paper consumed in the U.S. comes from recycled paper. No other industry recycles at this level – Glass 24%, Plastic at 7%.

Paper is a renewable resource. Trees grow, they are harvested and they are replanted. Trees used for paper manufacturing are grown in managed forests, often times by small independent family farmers with fewer than 50 acres. Those farmers need to sustain their livelihood. When they harvest a tree, they plant 10-12 trees in its place. During the first half of this decade over 400,000 acres were added annually to cultivation. On average, over 5 million trees are planted in the U.S. each and every day.

Most important, if those managed forests were not involved in the production of paper, those forests would be at risk of being developed for other uses — think parking lots and shopping malls, families would be out of business, and an increase in the risk of forest fires from poor forest management would be the result.

So feel free to print this newsletter, or anything else. You will only be helping to save trees, and jobs.

Gina M. Danner :: CEO
ginad@mailprint.com

www.MailPrint.com

Mail Print is pleased to fund industry leading research from Aberdeen. Learn more about Marketing Asset Management by visiting www.mailprint.com\mamreport.

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yea yea ben
Ha.
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My Pensacola Vistage experience was outstanding thanks to Chair Kathy Anthony, Vistage President Chip Webster, and Suzanne Gerrety, Marketing Coordinator. Sponsor Mort O’Sullivan is a class act.

I really enjoyed reading the Navy SEAL book,Lone Survivor by Marcus Luttrel – absolutely amazing. Now I’m rereading Navy Seal Eric Greiten’s book, Heart and Fist – another terrific read – he’s a St. Louis guy and thanks to Gary Baker we will be having a great evening with him August 25th.

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Doig Corporation has just been recognized as one of southeast Wisconsin’s 50 fastest growing companies by earning the Metropolitan Milwaukee Association of Commerce’s Future 50 Award which acknowledges the top 50 privately-owned companies in the seven-county region that have been in business for at least three years and have shown significant revenue and employment growth. Congratulations to Bob Doig and his team!

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Soaring!

 

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