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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 brink—and what the new landscape will look like.
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