TWO SETS OF RULES: ONE PROTECTING AND BAILING OUT THE POWERFUL BANKS THAT CRIMINALY CRASHED THE REAL ESTATE MARKET, AND ANOTHER UPHOLDING THEIR VICTIMIZATION OF INNOCENT HOME BUYERS

June 02, 2011
Original here.






Part 1


Part 2

“Reckless Endangerment: How Outsized Ambition, Greed, and Corruption Led to Economic Armageddon”

A prominent Wall Street analyst predicted this week that not a single top executive at Goldman Sachs will face criminal prosecution for the company’s role in causing the financial meltdown of 2008. “I think that there is a genuine sense out there that there are two sets of rules, one for big and powerful institutions that are deemed to be too politically interconnected or powerful to fail, and the rest of us, Main Street,” says our guest Gretchen Morgenson, the Pulitzer Prize-winning business reporter who has written extensively on how the U.S. government has failed to prosecute any of the top figures who played a role in the economic crash. Morgenson and Joshua Rosner are co-authors of the new book Reckless Endangerment: How Outsized Ambition, Greed, and Corruption Led to Economic Armageddon.