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

by Morris, Charles R.

Format: Print Book 2008
Availability: Available at 2 Libraries 2 of 2 copies
Available (2)
Location Collection Call #
Carnegie Library of Homestead Non Fiction 332.04 Morr
Location  Carnegie Library of Homestead
Collection  Non Fiction
Call Number  332.04 Morr
Carnegie Library of McKeesport Nonfiction 332.0415 M831
Location  Carnegie Library of McKeesport
Collection  Nonfiction
Call Number  332.0415 M831
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.

Additional Information
Subjects Capital market -- United States.
Finance -- United States.
Financial crises -- United States.
Publisher New York :PublicAffairs,2008
Edition 1st ed.
Language English
Description xviii, 194 pages ; 22 cm
Bibliography Notes Includes bibliographical references (pages 171-184) and index.
ISBN 9781586485634 (hbk.)
1586485636 (hbk.)
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