|
The Trillion Dollar Meltdown: Easy Money, High Rollers, and the Great Credit Crash | 
 enlarge | Author: Charles R. Morris
Publisher: PublicAffairs
Category: Book
List Price: $22.95
Buy New: $10.95
You Save: $12.00 (52%)
New (43) Used (12) from $8.99
Avg. Customer Rating:  61 reviews
Sales Rank: 157
Media: Hardcover
Number Of Items: 1
Pages: 224
Shipping Weight (lbs): 0.8
Dimensions (in): 8.3 x 5.8 x 0.9
ISBN: 1586485636
Dewey Decimal Number: 332.04150973
EAN: 9781586485634
ASIN: 1586485636
Publication Date: March 3, 2008
Availability: Usually ships in 1-2 business days
Shipping: Expedited shipping available
Shipping: International shipping available
Condition: New - Fast shipping from trusted wholesaler with many exclusive publisher contracts.*
|
| Also Available In:
|
| Similar Items:
|
| Editorial Reviews:
Product Description
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.
|
| Customer Reviews: Read 56 more reviews...
 This book should be required reading for congress and members of the executive branch October 10, 2008
A well researched and reasoned analysis of the current financial crisis. The author's assessment of the economic and political forces that have resulted in the current crisis are presented in an understandable and balanced manner. He exposes the complicated financial instruments created and the excessive risks taken within our financial markets in the name of greater returns and paints a dire picture of the consequences that the eventual unwinding of these assets may have. Finally, he provides a tempered approached for future regulation of our financial markets.
The author's insight and presentation style leave the reader with a sense that there is someone who acutally has a sense of what's going on and that these current problems may be correctable if reasonable men are allowed to prevail.
Deja'Vu October 6, 2008
2 out of 2 found this review helpful
I no sooner finished reading this book than we all started living it. What we are watching unfold on Wall Street and in Washingtion D.C. is exactly what was fortold, in excruciating detail.
I read this book 6 months ago....wow September 30, 2008
5 out of 5 found this review helpful
Around 6 months ago I read this book. Talk about timeliness!! it deserves many accolades, I will definately read anything else this author publishes!
Excellent read, intelligent, concise and understandable for all.
Incisive, Informative, Balanced History of the Current Crisis September 27, 2008
5 out of 5 found this review helpful
Buzz Aldrin once told me that the secret to success was to be in the right place at the right time. To that advice, I would add, that one must bring the right stuff to the table. The historian of this fluid and incisive analysis fulfills both criteria. Morris states that his intention is to tell the story of how we got there, "as briefy and crisply" as he can. He succeeds, brilliantly. The book seems to be the culminating work of a lifetime of preparation for solely this task - production of an unpretentious, eminently readable, accessible, closely argued and well-documented, to the chase, history of the cycles of financial markets over the past half century which have brought us to the point of possible national bankruptcy - a history of debt capitalism in its most perilous moment.
While the mechanics of banking have never held much interest for me, I found this read gripping and highly informative - at a time when we all need to become informed about the mess engulfing us.
Did Anyone Say Prophetic September 21, 2008
4 out of 4 found this review helpful
If he knew this was coming when he wrote this book, where were our politicians...hoping it would happen after the November elections. Did anyone say its time for a revolution - run out the bastards, including both McCain and Obama? Although dense at times (I got tired of all the acronyms - CDOS, CLOS, blah), if you could concentrate long enough, you got a smiggen of what is going on - what it boils down to is too much lent on too little value, and then sold to stupid investment houses trying to make a quick book - unfortunately, we, you and me, got stuck holding the bag.
|
|
|
Powered by Associate-O-Matic
| |
