Casey's lab at Cornell University suggest that adolescents aren't reckless because they underestimate risks, but because they overestimate rewards or, rather, find rewards more rewarding than adults do.

WSJ: What's Wrong With the Teenage Mind?

Khairutdinov learned that such individuals weren't just reckless cowboys out for cash at all costs, he recalls.

FORBES: The non-oligarchs

Another reading is the FHA wasn't making those loans because it wasn't so reckless as to be making loans to those people.

NPR: Time for Renovation at the FHA?