NYT business reporter Gretchen Morgensen discusses her new book and the corruption of the mortgage lending industry.
July 26, 2011 | Gretchen Morgensen was awarded the Pulitzer Prize in 2002 for her “trenchant and incisive” coverage of Wall Street and has been on that beat ever since. Her new book, Reckless Endangerment: How Outsized Ambition, Greed, and Corruption Led to Economic Armageddon (written with Joshua Rosner), lays out the toxic interplay between Washington, Wall Street and corrupt mortgage lenders that led to the meltdown. It examines how the watchdogs who were supposed to protect us from financial harm were actually complicit in creating the crisis.
Gretchen Morgenson is a business reporter and columnist at the New York Times, where she also serves as assistant business and financial editor. Prior to joining the Times in 1998, she worked as a broker at Dean Witter in the 1980s, and as a reporter at Forbes, Worth, and Money magazines.
Live from USC - The Annual Los Angeles Times Festival of Books
ERWIN CHEMERINSKY, founding dean of the UC Irvine Law School, has also taught at DePaul and Duek. An expert on constitutional law, he has frequently argued cases before the US Court of Appeals and occasionally before Suprem Court. His latest book is THE CONSERVATIVE ASSAULT ON THE CONSTITUTION.
BILL BOYARSKY is a columnist for LA Observed and the online magazine Truthdig. He is the author of six books, including Calfornia's Big Daddy, and his most recent, Inventing LA: The Chandlers and Their Times. Boyarsky lectures in journalism at the USC Annenberg School for Communications.
HENRY WEINSTEIN, a reporter for the LA Times for 30 years, covering law, labor and politics, now teaches law and journalism at UC Irvine's School of Law.
ROBERT SCHEER, editor-in-chief of Truthdig, was Vietnam correspondent and an editor of Ramparts magazine from 1964-69. He worked with the Los Angeles Times for nearly 30 years, as a national correspondent from 1976-1993 and as a weekly syndicated columnist until 2005. In 2005 he co-founded Truthdig. Scheer is heard weekly on Left, Right and Center on NPR's KCRW. A clinical professor of communications at the University of Southern California's Annenberg School for Communication and Journalism, he is a contributing editor for The Nation as well as a Nation Fellow. Scheer has written nine books, including With Enough Shovels: Reagan, Bush and Nuclear War; The Five Biggest Lies Bush Told Us about Iraq; The Pornography of Power and his newest, THE GREAT AMERICAN STICKUP.
REBECCA SOLNIT is the author by my count of 10 books, and a co-author of at least 15 more. She is a journalist, essayist, environmentalist, historian, and art critic; a contributing editor to Harper's, a columnist for Orion, and a regular contributor to Tomdispatch.com and the Nation.
She appeals to a wide spectrum of readers. As evidence, RIVER OF SHADOWS: Eadweard Muybridge and the Technological Wild West - her 2003 book on the history of photography, the dawn of the cinematic West, and the annihilation of space and time-won the National Book Critics Circle Award in Criticism, a prize from the Society for the History of Technology, and WIRED Magazine's Rave Award for Book of the Year.
Her latest books are STORMING THE GATES OF PARADISE: Landscapes for Politics; A PARADISE BUILT IN HELL: The Extraordinary Communities That Arise in Disaster; and THE BATTLE OF THE STORY OF THE BATTLE OF SEATTLE, with her brother David.
MATT TAIBBI is a fire-breathing, shoot-from-the-hip reporter, columnist and blogger, whose March Rolling Stone article, "The Big Takeover," paints a dark picture of greed, corruption and power.
You can learn more about Taibbi's work at: