The Trillion Dollar Meltdown: Easy Money, High Rollers, and the Great Credit Crash
by By Morris, Charles R.
Category: Business & Economics , General

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.