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The Trillion Dollar Meltdown

Easy Money, High Rollers, and the Great Credit Crash

By Charles R. Morris

(2)

| Hardcover | 9781586485634

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Book Description

We are living in the most reckless financial environment in recent history. Arcane credit derivative bets are now well into the tens of trillions. According to Charles R. Morris, the astronomical leverage at investment banks and their hedge fund and private equity clients virtually guarantees mContinue

We are living in the most reckless financial environment in recent history. Arcane credit derivative bets are now well into the tens of trillions. According to Charles R. Morris, the astronomical leverage at investment banks and their hedge fund and private equity clients virtually guarantees massive disruption in global markets. The crash, when it comes, will have no firebreaks. A quarter century of free-market zealotry that extolled asset stripping, abusive lending, and hedge fund secrecy will come crashing down with it.

The Trillion Dollar Meltdown explains how we got here, and what is about to happen. After the crash our priorities will be quite different. But things are likely to get worse before they better. Whether you are an active investor, a homeowner, or a contributor to your 401(k) plan, The Trillion Dollar Meltdown will be indispensable to understanding the gross excess that has put the world economy on the brink—and what the new landscape will look like.

Critics

  • How We Were Ruined & What We Can Do

    Charles Dharapak/AP Images President-elect Barack Obama and Lawrence Summers, Obama’s choice as director of the National Economic Council, Chicago, November 24, 2008 Some prominent figures in the financial markets insist that unchecked opportunism by ... (read full critics)

    nybooks published on Thu, 26 Aug 2010

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Book Details

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  • English Books
  • Hardcover 224 Pages
  • ISBN-10: 1586485636
  • ISBN-13: 9781586485634
  • Publisher: PublicAffairs
  • Pub date: Mar 03, 2008
  • Dimensions: 1355 mm x 968 mm x 194 mm Just how big is that?
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9781586485634 Hardcover $22.95 $18.36 bn.com
$22.95 $11.75 The Book Depository
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