Frank Partnoy | The New York Review of Books

Should Some Bankers Be Prosecuted?

Wall Street and the Financial Crisis: Anatomy of a Financial Collapse

by the Majority and Minority Staff, Permanent Subcommittee on Investigations, US Senate

Money and Power: How Goldman Sachs Came to Rule the World

by William D. Cohan

Report of the Business Standards Committee

Goldman Sachs

November 10, 2011 issue

Did Fannie Cause the Disaster?

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

by Gretchen Morgenson and Joshua Rosner

October 27, 2011 issue

Blaming Fannie and Freddie

A debate has erupted anew in Washington over whether Fannie Mae and Freddie Mac caused the credit crisis of 2007 and 2008. Their critics claim that these two Government Sponsored Enterprises (GSEs) deserve a lot of the blame because they encouraged mortgage lending to low-to-middle-income Americans, a goal that Congress required and Bill Clinton advocated. The debate, which faded after a brief fluorescence in 2008, has been revived by a new book, *Reckless Endangerment*, by the respected New York Times reporter Gretchen Morgenson and the dogged financial analyst Josh Rosner.

July 13, 2011