The Trillion Dollar Meltdown: Easy Money, High Rollers, and the Great Credit Crash @ richardeward.com

The Trillion Dollar Meltdown: Easy Money, High Rollers, and the Great Credit Crash
by Charles R. Morris
from PublicAffairs

Customer Reviews:

• Avg. Customer Rating: 4.0 / 5.0

• Keen Insight
  This book is the financial layman's primer for the credit crisis. It is clear, concise, and offers a mature and historically-grounded view of the credit bubble, past, present, and harrowing future. A great read.

• Outstanding Book!
  If you want to understand what and why are US (and international) banks suddenly covering every corner of the world to raise capital - this book has the answers!
  Morris has an incredible foresight. While the book was written before the Banking Crisis hit the US, you feel as if you were reading the morning's newspaper.
  A must for any business person!

• Sketchy but informative
  The author paints a very broad picture in leading us into the main focus of the book, which is the credit crunch resulting largely from the subprime mortgage mess. The sketches of previous bubbles leading up to this bubble give helpful background and strengthen the notion that this debacle is part of an ongoing trend dating back to the 80s. There is precedent for the current troubles in the 1987 market crash, the LTCM hedge fund failure, and the demise of GE's Kidder Peabody in 1994.
  A number of... more info

• Excellent, explanation of the current credit crisis
  The book provides an excellent analysis of the current US inspired credit crisis that is threatening the financial system. The problem boils down to an unwinding of an enormous credit bubble, built up over the last twenty five years, and a corrupt, overly leveraged, wall street establishment that is able the pocket gains and socialize losses. The problem is not necessarily one with the free market (in the real sense), but rather one with the current neo-corporatist model (aka Chicago school monetarism, or... more info

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