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The Trillion Dollar Meltdown: Easy Money, High Rollers, and the Great Credit Crash

by

The Trillion Dollar Meltdown: Easy Money, High Rollers, and the Great Credit Crash Cover

 

Synopses & Reviews

Publisher Comments:

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.

Synopsis:

The sub-prime mortgage crisis is only the beginning: A more profound economic and political restructuring is on its way

About the Author

Charles R. Morris has written ten books, including The Cost of Good Intentions, one of the New York Times' Best Books of 1980, The Coming Global Boom, a New York Times Notable Book of 1990, and The Tycoons, a Barrons' Best Book of 2005. A lawyer and former banker, Mr. Morris's articles and reviews have appeared in many publications including The Atlantic Monthly, the New York Times, and the Wall Street Journal.

Product Details

ISBN:
9781586485634
Subtitle:
Easy Money, High Rollers, and the Great Credit Crash
Author:
Morris, Charles R
Author:
Morris, Charles R.
Publisher:
PublicAffairs
Subject:
General
Subject:
Finance
Subject:
Capital market
Subject:
Economics - General
Subject:
General Business & Economics
Subject:
Financial crises -- United States.
Subject:
Finance -- United States.
Copyright:
Edition Description:
Trade Cloth
Publication Date:
20080304
Binding:
Hardback
Language:
English
Pages:
224
Dimensions:
8.25 x 5.5 in 12.8 oz

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Related Subjects


Business » Accounting and Finance
Business » General
Business » Writing
History and Social Science » Economics » General
History and Social Science » World History » General

The Trillion Dollar Meltdown: Easy Money, High Rollers, and the Great Credit Crash Used Hardcover
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Product details 224 pages PublicAffairs - English 9781586485634 Reviews:
"Synopsis" by ,
The sub-prime mortgage crisis is only the beginning: A more profound economic and political restructuring is on its way
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