The trillion dollar meltdown : easy money, high rollers, and the great credit crash
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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 massiv... Full description
Table of 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.