false 2740510 2 The sub-prime mortgage crisis is only the beginning: A more profound economic and political restructuring is on its way. <P> We are living in the most reckless financial environment in recent history. Arcane credit derivative bets are now well into the tens of trillions. <P> 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. <P> <I>The Trillion Dollar Meltdown</I> 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, <I>The Trillion Dollar Meltdown</I> 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. 2766163 3 3 2008 The Trillion Dollar Meltdown: Easy Money, High Rollers, and the Great Credit Crash total:132|5:32|4:42|3:43|2:14|1:1| 132 486 277 57 5 0 false false Sat May 09 00:00:00 -0700 2009 Sat May 09 13:34:46 -0700 2009 Sat May 09 14:01:24 -0700 2009 more...]]> 3 0 false false Sun Jan 11 12:21:04 -0800 2009 Fri Jan 09 21:24:40 -0800 2009 Sun Jan 11 12:21:04 -0800 2009
With a release at the beginning of 2008, Morris reviews the current financial crisis and touches on everything from massive inflation, to the proliferation of CDOs (squared and cubed), to the massive leveraging of hedge funds, the reign of investment banks and SIVs and t...more...]]> 5 0 false false Sun Feb 22 00:00:00 -0800 2009 Sun Feb 22 07:22:30 -0800 2009 Sun Feb 22 07:26:42 -0800 2009 more...]]> 4 0 true false Sun Feb 01 00:00:00 -0800 2009 Tue Feb 10 12:51:53 -0800 2009 Mon Feb 23 13:05:13 -0800 2009 more...]]> 5 0 false false Thu Jan 01 00:00:00 -0800 2009 Thu Feb 19 10:13:28 -0800 2009 Thu Feb 19 10:31:31 -0800 2009 more...]]> 5 0 false false Mon Feb 02 00:00:00 -0800 2009 Tue Jan 27 16:00:05 -0800 2009 Mon Feb 02 14:56:00 -0800 2009 Once, but it's worth re-reading more...]]> 5 0 false false Mon Nov 10 00:00:00 -0800 2008 Wed Nov 05 21:14:04 -0800 2008 Mon Nov 10 12:59:29 -0800 2008 more...]]> 4 0 false false Tue Jul 01 00:00:00 -0700 2008 Tue Jul 08 20:44:39 -0700 2008 Wed Jul 23 17:40:53 -0700 2008 more...]]> 3 0 false false Fri Feb 20 00:00:00 -0800 2009 Mon Feb 16 21:20:36 -0800 2009 Fri Feb 20 14:53:40 -0800 2009 more...]]> 3 0 false false Fri Sep 12 00:00:00 -0700 2008 Sat Sep 13 10:41:47 -0700 2008 Sat Sep 13 10:51:49 -0700 2008
"The question is whether the Countrywides of the world are risk-taking enter...more...]]> 4 0 false false Wed Jun 18 00:00:00 -0700 2008 Tue Apr 01 20:30:18 -0700 2008 Thu Jun 19 23:15:13 -0700 2008
Anyway, the author goes into detail about the financial mess we're currently in and how we got there. He's a banker, so I trust he is qualified to discuss such thing...more...]]> 3 0 false false Thu Jan 29 00:00:00 -0800 2009 Mon Jan 05 18:32:31 -0800 2009 Sat Jan 31 21:24:27 -0800 2009 more...]]> 3 0 false false Mon Jan 19 00:00:00 -0800 2009 Mon Jan 19 09:54:46 -0800 2009 Tue Jan 20 10:52:12 -0800 2009 more...]]> 2 0 false false Wed Oct 01 00:00:00 -0700 2008 Tue Nov 10 12:51:48 -0800 2009 Tue Nov 10 12:55:55 -0800 2009 more...]]> 3 0 false false Thu Oct 16 00:00:00 -0700 2008 Thu Oct 09 18:58:32 -0700 2008 Thu Oct 16 18:15:18 -0700 2008
That said, this didn't quite get me what I needed - which is more of a "financial ...more...]]> 5 0 false false Sun Nov 23 13:47:46 -0800 2008 Sun Nov 23 13:49:09 -0800 2008 3 0 false false Fri Dec 26 00:00:00 -0800 2008 Tue Jan 13 13:11:44 -0800 2009 Tue Jan 13 13:12:56 -0800 2009 4 0 false false Sun Jun 07 18:09:55 -0700 2009 Sun Jun 07 18:11:40 -0700 2009 5 0 false false Thu Dec 18 15:09:07 -0800 2008 Sat Dec 20 23:12:30 -0800 2008 5 0 false false Tue Dec 02 06:02:21 -0800 2008 Tue Dec 02 06:03:07 -0800 2008 http://www.goodreads.com/book_link/follow/8?book_id=2740510