Senior Center Book Discussion: Reckless Endangerment

Michael Bellacosa will lead a discussion of Reckless Endangerment by Pulitzer Prize-winning New York Times business reporter Gretchen Morgenson and housing finance expert Joshua Rosner which provides one of the best explanations of the causes of the 2008 financial crisis. With facts and data from previously untapped sources as well as Rosner’s original research, this accessible analysis takes the reader behind the curtain at mortgage-finance behemoth Fannie Mae as well as the Federal Reserve, HUD, Congress, two presidents, and some of the biggest players on Wall Street. Reviewing the book, Stanford economics professor John Taylor wrote: 'In a series of clearly written narratives with many names, dates and figures, [the authors] show that government officials took actions that benefited well-connected individuals, who in turn helped the government officials. This mutual support system thwarted good economic policies and encouraged reckless ones. It thereby brought on the crisis, sending the economy into a tailspin.'
 
This group meets on the 4th Tuesday of each month from September through May, excluding December. Call the Senior Center for details and to register at (203) 834-6240. Comstock Community Center, 180 School Road, Wilton.