Gretchen Morgenson: "Reckless Endangerment"

Union League Club of Chicago's Authors Group

Business Book Roundtable

June 15, 2011: 11:30 AM - 1:30 PM

New York Times columnist and author Gretchen Morgenson discusses her new book, "Reckless Endangerment - How Outsized Ambition, Greed, and Corruption Led to Economic Armageddon."


Union League Club of Chicago
65 West Jackson Boulevard
Chicago, Illinois

Driving Directions:ULC information:

Valet and indoor parking is available.

Business or business casual attire required. Jeans are not allowed.

Event Details

Book Summary:

The New York Times' Pulitzer Prize-winning columnist reveals how the financial meltdown emerged from the toxic interplay of Washington, Wall Street, and corrupt mortgage lenders
In Reckless Endangerment, Gretchen Morgenson, the star business columnist of The New York Times, exposes how the watchdogs who were supposed to protect the country from financial harm were actually complicit in the actions that finally blew up the American economy.
Drawing on previously untapped sources and building on original research from coauthor Joshua Rosner—who himself raised early warnings with the public and investors, and kept detailed records—Morgenson connects the dots that led to this fiasco.
Morgenson and Rosner draw back the curtain on Fannie Mae, the mortgage-finance giant that grew, with the support of the Clinton administration, through the 1990s, becoming a major opponent of government oversight even as it was benefiting from public subsidies. They expose the role played not only by Fannie Mae executives but also by enablers at Countrywide Financial, Goldman Sachs, the Federal Reserve, HUD, Congress, the FDIC, and the biggest players on Wall Street, to show how greed, aggression, and fear led countless officials to ignore warning signs of an imminent disaster.
Character-rich and definitive in its analysis, this is the one account of the financial crisis you must read.
Additional Information:


$35 (Book is not included.) Books will be available for sale at the event.


Register Online

Register By Email
Reservations required. Register on line. Please register by Monday, June 13th to ensure available seating

Business or business casual attire required. Jeans are not allowed.

Deadline: 6/14/2011


11:30 AM-1:30 PM: Luncheon & Author Presentation

Speaker Profiles

Gretchen Morgenson (Speaker)
Columnist, New York Times

Gretchen Morgenson is assistant business and financial editor and a columnist at the New York Times. She has covered the world financial markets for the Times since May 1998 and won the Pulitzer Prize in 2002 for her "trenchant and incisive" coverage of Wall Street.

Ms. Morgenson joined The Times as assistant business and financial editor in May 1998. Previously, she was assistant managing editor at Forbes magazine since rejoining the magazine in March 1996. Before that, she was the press secretary for the Forbes for President campaign from September 1995 to March 1996.
From August 1993 to August 1995, Ms. Morgenson was the executive editor at Worth magazine. As the number two editor, she oversaw all financial coverage. She also wrote an investigative "Full Disclosure" column monthly.

From November 1986 to August 1993, she was an investigative business writer and editor at Forbes magazine. She broke the story of anti-investor practices on the Nasdaq stock market that was followed by Justice Department and SEC investigations. Earlier, she oversaw several Forbes investing sections and their Washington bureau.
From January 1984 to November 1986, she was a staff writer at Money magazine.
Ms. Morgenson was a stockbroker for Dean Witter Reynolds in New York from September 1981 to January 1984.

She began her career at Vogue magazine as an editorial assistant in August 1976. By the time she left the magazine in July 1981, she was a writer and financial columnist.

Born in State College, Penn., on January 2, 1956, Ms. Morgenson received a B.A. degree in English and history from Saint Olaf College, Northfield Minn., in 1976.
She is the author of "Forbes Great Minds Of Business," published by John Wiley & Co., in 1997 and co-author of "The Woman's Guide to the Stock Market," published by Harmony Books in 1981.

She is married, has a son and lives in New York City.


Dana Damyen, '02 
TwoRoads Solution, Principal

Other Information

Noon luncheon followed by author discussion, Q&A and book signing.

Books will be available for sale at the event.

Business or business casual attire required. Jeans are not allowed.