The trillion dollar meltdown: easy money, high rollers, and the great credit crash

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PublicAffairs, Mar 4, 2008 - Business & Economics - 194 pages
24 Reviews
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.

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

User Review  - Clare Fitzgerald - Goodreads

Looking back on my books from 2013, I realized I'd only read one book from the large pile of financial-catastrophe-related books I'd borrowed from Paul a while ago, and figured I'd need to start ... Read full review

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

User Review  - Chris Ramirez - Goodreads

This is a great book. The author, former banker,lawyer has a great understanding of history, finance, and politics. Why you can tell he's probably a conservative guy, he's a realist who understands ... Read full review

Contents

Chapter Two Wall Street Finds Religion
19
Practice Runs
37
Chapter Four A Wall of Money
59
Copyright

5 other sections not shown

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About the author (2008)

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.