Friday, July 22, 2011

True origins of the financial crisis

True origins of the financial crisis via Powerline

Gretchen Moregenson is the New York Times business reporter and columnist as well as a Pulitzer Prize-winning alumna of St. Olaf College in Northfield, Minnesota, and of Forbes. She is also the coauthor (with Joshua Rosner) of Reckless Endangerment, one of the most important books out about the origins of the financial crisis. Robert Reich’s review of the book provides a convenient summary.

The book was the subject of an admiring column by George Will. Most recently, Peter Wallison cited it as authoritative in the Wall Street Journal column “Government-sponsored meltdown.”

The book belies the master Democratic/media narrative regarding the financial crisis. Attention must be paid. Earlier this week Sean Hannity directed the attention of his audience to the book in a short interview with Morgenson (below) . (DP: Apologies for the ad in the start of video as this blog is not monetized. Ad was part of video--just mute it and let the rest finish buffering to watch and learn)

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