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Easy Money, High Rollers, and the Great Credit Crash
PublicAffairs
March 2008
On Sale: March 3, 2008
224 pages
ISBN: 1586485636
EAN: 9781586485634
Hardcover
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Non-Fiction
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 brinkβand what the new landscape will look like.
 Media BuzzMarketplace - PRI - June 24, 2008
All Things Considered - March 26, 2008
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