Gretchen Morgenson & Joshua Rosner on some of the Causes of the Financial Crisis. 1 of 2

Run time: 14:31 https://www.youtube.com/watch?v=5nokpqkaTp4   Posted on YouTube: June 02, 2011 By YouTube Member: mediagrrl9 Views on YouTube: 590   Posted on DU: June 05, 2011 By DU Member: democracy1st Views on DU: 800

 
Gretchen Morgenson & Joshua Rosner on some of the Causes of the Financial Crisis. 2 of 2

http://youtu.be/r9C5zz7RPpM


“Reckless Endangerment: 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 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 powerful to fail, and the rest of us, Main Street," says Gretchen Morgenson, the Pulitzer Prize-winning New York Times 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. Democracy Now! interviews Morgenson and Joshua Rosner about their new book, "Reckless Endangerment: How Outsized Ambition, Greed, And Corruption Led to Economic Armageddon."

For the transcripts and for more Democracy Now! interviews about the financial collapse, visit http://www.democracynow.org/2011/6/2/reckless_endangerment_how_outsized_ambit...

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