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Home    Books    The Trillion Dollar Meltdown - Easy Money, High Rollers, And The Great Credit Crash
The Trillion Dollar Meltdown - Easy Money, High Rollers, And...
The Trillion Dollar Meltdown - Easy Money, High Rollers, And The Great Credit Crash
 
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Author : Charles R. Morrs
Publisher : Public Affairs
ISBN# : 978-1-58648-563-4
Pages : 194
Price :INR 1164
Offer Price:INR 1036
 
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Book Description
We are living in the most reckless financial environment in recent history. According to acclaimed financial writer Charles R. Morris, the sub-prime mortgage crisis is only a preview of financial assets. Arcane credit derivative bets are now well into the tens of trillions. The astronomical leverage at major banks and their hedge fund and private equity clients virtually guarantees massive disruption in global markets. This is a crash with no firebreaks. A quarter century of free-market zealotry that extolled asset stripping, abusive lending, and hedge fund secrecy will go down in flames with it. The required restructuring will be at least as painful as the very difficult period of 1979-1983.
 
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