nakedempire


The American Empire in a Changing World



Pages

Monday, May 23, 2011

'Reckless Endangerment': "An Exclusive Excerpt From Gretchen Morgenson And Joshua Rosner's New Book''

cant wait to read this one.........from huffpo......


"Of all the partners in the homeownership push, no industry contributed more to the corruption of the lending process than Wall Street. If mortgage originators like NovaStar or Countrywide Financialwere the equivalent of drug pushers hanging around a schoolyard and the ratings agencies were the narcotics cops looking the other way, brokerage firms providing capital to the anything-goes lenders were the overseers of the cartel...................."

read the excerpt ...........HERE

No comments:

Post a Comment