The Trillion Dollar Meltdown

The Trillion Dollar Meltdown

Easy Money, High Rollers, and the Great Credit Crash

Book - 2008
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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.
Publisher: New York : PublicAffairs, [2008], ©2008
Edition: First edition
ISBN: 9781586485634
Branch Call Number: 332.0415 Mo
Description: xviii, 194 pages ; 22 cm


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Oct 05, 2008

guess he was right


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