Trillion dollar meltdown : Easy money, high rollers, and the great credit crash

By:

Morris, Charles R

Material type: Text

TextPublication details: Public Affairs New York 2008Description: xviii,194p. 22 cm ; Hard BoundISBN:

978-1586485634

Subject(s):

Capital market-Unites States Financial crises- United states

DDC classification:

332.04150973 MOR

Contents:

The death of liberalism -- Wall Street finds religion -- Bubble land: practice runs -- A wall of money -- A tsunami of dollars -- The great unwinding -- Winners and losers -- Recovering balance.

Summary: 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.

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Holdings
Item type	Current library	Collection	Call number	Status	Date due	Barcode
Books	H.T. Parekh Library	GSB Collection	332.04150973 MOR (Browse shelf(Opens below))	Available		B64

$22.95

The death of liberalism --
Wall Street finds religion --
Bubble land: practice runs --
A wall of money --
A tsunami of dollars --
The great unwinding --
Winners and losers --
Recovering balance.

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.

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