Journalist Gretchen Morgenson: The Roots of the Financial Crisis
Dialogue with Marcia Franklin
Host Marcia Franklin talks with Pulitzer Prize-winning journalist Gretchen Morgenson, then a financial editor and columnist at the New York Times who covered the country's financial crisis since its inception. They discuss the federal government's push to increase home ownership, which Morgenson sees as the underpinning of the financial collapse. The two also talk about various taxpayer-funded bailouts of companies such as AIG, and whether Morgenson sees any light at the end of the tunnel for the slumping economy. Before moving to The Wall Street Journal in November 2017, Morgenson was assistant business and financial editor at the New York Times since May 1998. Prior to that she was assistant managing editor at Forbes magazine. She was also the press secretary for the Forbes for President campaign. In 2002, she won a Pulitzer Prize for her coverage of Wall Street. Don’t forget to subscribe to the podcast and visit the Dialogue website for more conversations that matter! Originally Aired: 09/10/2009 The interview is part of Dialogue’s series, "Conversations from the Sun Valley Writers' Conference," and was taped at the 2009 conference. Since 1995, the conference has been bringing together some of the world’s most well-known and illuminating authors to discuss literature and life.
Gretchen Morgenson, New York Times Financial Editor
The Economic Warrior
Gretchen Morgenson, an assistant business and financial editor and a columnist at The New York Times, has covered the world financial markets for The Times since May 1998. She won a Pulitzer Prize in 2002 for her “trenchant and incisive” coverage of Wall Street.Ms. Morgenson is a financial journalist with Wall Street experience. Her stint as a stockbroker at Dean Witter Reynolds in New York in the early 1980s gives her stories a depth of knowledge and skepticism uncommon to financial reporting.Upon graduation from Saint Olaf College in Northfield, Minn., in 1976, Ms. Morgenson began her career as an editorial assistant at Vogue magazine. After spending two and a half years on Wall Street, she covered the financial world during stints at Money magazine, Worth magazine and Forbes Magazine.Ms. Morgenson is the author, with Joshua Rosner, of “Reckless Endangerment,” a New York Times best seller about the origins of the 2008 financial crisis published in May 2011 by Times Books. She is also the author of “Forbes Great Minds of Business,” a book of five interviews with business leaders published in 1997 by John Wiley & Sons. She is the author, with Campbell R. Harvey, of “The New York Times Dictionary of Money and Investing” (2002).In 2009, Ms. Morgenson won a Gerald Loeb Award in the “Beat Writing” category in her coverage of Wall Street. This followed her Gerald Loeb Award for excellence in financial commentary in 2002 and the American University School of Communication’s Annual Journalism Award for excellence in personal finance reporting in 2000. Ms. Morgenson has also served on two Pulitzer Prize juries, evaluating investigative reporting entries in 2009 and 2010.To find out more about Gretchen, please visit www.nytimes.com/by/gretchen-morgenson.
Gretchen Morgenson: Wall Street Really Does Enjoy A Different Set of Rules Than The Rest of Us
The Peak Prosperity Podcast
Gretchen Morgenson has earned a Pulitzer-winning career from exposing abuse and conflicts of interest on Wall Street. In this interview, she confirms that there is indeed a second set of rules that our elite financial institutions enjoy, largely unfettered by the constraints that apply to the rest of us.Consequences for failure and fraud are very different under this second set of rules - in fact, they're practically rewarded. Accountability, by all prudent measures, has become non-existent. The extraordinary measures the country deployed to deal with the great contraction in 2008 only served to exacerbate these imbalances.What's sorely needed now is a national dialogue on whether we're willing to allow this to continue. What benefits are we receiving by enabling these elite to enjoy such different standards? What type of system and rules might work better for our interests?
Greedy Bastards Antidote Ep 4 - Gretchen Morgenson and Swaps
It's another episode of Greedy Bastards Antidote. Today, we're talking about credit default swaps -- Greedy Bastards' favorite financial innovation of the past ten years. Think of a swap as an opportunity for financial companies to sell insurance on credit. In this podcast, you'll learn exactly what credit default swaps are, and why they're dangerous to our economy.Our guest is Gretchen Morgenson - Gretchen is a business reporter/columnist at the New York Times where she also serves as Assistant Business and Financial Editor. She is co-author with Josh Rosner of the bestselling book Reckless Endangerment: How Outsized Ambition, Greed and Corruption Led to Economic Armageddon.
“Make no mistake, the perils and problems that plagued our nation years ago in the financial crisis—yes, it’s been years—still plague us to this day. Much like an untreated cancer, it will affect us up and to the point where we actually acknowledge it and deal with it,” says Dylan.That’s the message that Gretchen Morgenson and Josh Rosner, co-authors of Reckless Endangerment are trying to deliver: that this problem can be dealt with in the way that we have dealt with other issues in our own history — personally and collectively. Their new book provides not only an authoritative account of the financial crisis, they take a hard look at who is to blame for letting the crisis happen. Here’s Dylan’s recent interview with them.
Eighteen months after the economic meltdown, why has Washington been unable rein in Wall Street with serious regulation? Bill Moyers speaks with financial journalist Gretchen Morgenson for a candid look at the obstacles facing substantive reform and what Congress' proposed legislation would — and wouldn't — accomplish.
Financial writer Gretchen Morgenson, GOP stalwart Vic Gold, lori Wallach on trade and Bill Moyers on Rupert Murdoch
Bill Moyers Journal (Audio) | PBS
With U.S. mortgages entering foreclosure at a record pace, the crisis has far reaching implications, from the financial markets to the financial health of ordinary Americans. For the latest, Bill Moyers interviews assistant business and financial editor at The New York Times Gretchen Morgenson, who has been covering the story. Also on the program: lori Wallach, Director of Public Citizen's Global Trade Watch, on the secret trade deal negotiated by leaders of the Democratic Party and its implications for labor unions, consumer groups and the environment; life-long GOP insider Victor Gold on the current state of the Republican Party; and Bill Moyers on Rupert Murdoch and The Wall Street Journal.