Gretchen Morgenson

J.P. Morgan Chase, America's biggest bank, is being sued for allegedly defrauding investors who lost more than $20 billion on mortgage-backed securities sold by the investment bank Bear Stearns. JP Morgan bought Bear Stearns in 2008.

It's the first action to come out of a working group created by President Obama ...

Gretchen Morgenson, business reporter for the New York Times, continues the conversation about going after after mortgage fraud and other financial crimes. Listeners, what do you think? Where would you start when it comes to investigating financial crimes that led to the 2008 collapse?

New York Times's Pulitzer Prize-winning columnist Gretchen Morgenson and Joshua Rosner discuss how the financial meltdown resulted from the toxic interplay of Washington, Wall Street, and corrupt mortgage lenders. Reckless Endangerment: How Outsized Ambition, Greed, and Corruption Led to Economic Armageddon reveals how the watchdogs who were supposed to protect us from financial harm were actually complicit in creating the financial crisis. Drawing on previously untapped sources and building on original research from Rosner—who raised early warnings with the public and investors, and kept detailed records—Morgenson connects the dots that led to this fiasco.

Gretchen Morgenson, business writer for the New York Times and author of the new book Reckless Endangerment: How Outsized Ambition, Greed, and Corruption Led to Economic Armageddon, talks about the news that the New York Attorney General is preparing for an investigation into the banks' role in the financial crisis.

→ Add Your Comments, Listen, and Read a Recap at It's A Free Country