Group items tagged

By John B. Taylor This review is from a syndication service of The Washington Post. In "Reckless Endangerment," Gretchen Morgenson and Joshua Rosner argue that cozy connections between government and the financial industry were the primary cause of the financial crisis. While many economists-including this reviewer-have argued that government actions caused the crisis, Morgenson and Rosner use their investigative skills to dig down and explain why those actions were taken. The book focuses on two government agencies, Fannie Mae and the Federal Reserve. The mutual support system is better explained and documented in the case of Fannie, the government-sponsored enterprise that supported the home mortgage market by buying mortgages and packaging them into marketable securities, which it then guaranteed and sold to investors.

Now I know :D Thanks for sharing

"All the leaves are brown and the sky is gray, California streaming on such a winter's day". Seems like yesterday the entire country was sweltering in wicked summer heat with LA being the most Icelandic spot in the nation.

In some respects this is just another book about growing up. We all have to do it and none of find it easy. Growing up in a small town in America is bad enough but growing up in one of the most beautiful spots in America probably accentuates how ugly the rest of life can get. In these interlinked short stories we get to see one boy's struggles as he tries to understand the world about him and why he isn't always attracted to the beautiful things in his life.