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

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

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.

What Customers Say About The Trillion Dollar Meltdown: Easy Money, High Rollers, and the Great Credit Crash:

Book is a very balanced, non-partisan and detailed analysis of the crisis. However, his explanation of the various financial instruments (CDO,SIV,credit default swap, etc). is so deep it can overwhelm the average reader.

Very informative collection of financial events and facts with easy to read and follow. I would recommend it.

ANOTHER GOOD VIEW OF THE BIG MELTDOWN OF WALLSTEET- IT IS GOOD REFERENCE TO UNDERSTAND THE COMPLEX ISSSUES THAT CREATED THIS MELTDOWN. GOOD LENGUAJE AND CLEAR TO UNDERESTAND.

A quick read to understand why the world economy came unglued.A must read for any investor.Something you will share with another person and not put on a shelf.

This book provides details up to the time it was written but the story is far from over.This book does give you some insight to the world of credit risk explaining how hedge funds, CDOs, and credit default swaps are used. I actually read this book about 9 months ago but wanted to see how things played out. This book will give you more details about how the US got into the mess we are in now. It also discusses decisions made in the 70s and 80s that had an effect on the credit crisis of today which is good to point out. Knowing what we know now, I wonder if he Chalres Morris will come out with updates and re-title the book to the trillion(s)of dollar meltdown. As each day passes, more information is uncovered about more credit issues which picks up where this book leaves off. Some people think that this problem only started recently which is incorrect. I would recommend this book but expect to see more books on this topic in the coming years that will address the complete picture of the fall and the rise of the economy.