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The Amazon Store at MillionDollarPetPix.com ( In association with Amazon.com )The Trillion Dollar Meltdown: Easy Money, High Rollers, and the Great Credit Crashby: Charles R Morris  List Price: $27.95 Amazon.com's Price: $18.45 You Save: $9.50 (34%)Prices subject to change. Availability: Usually ships in 24 hours
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Binding: Audio CDDewey Decimal Number: 330 EAN: 9781597772143 Edition: Unabridged Format: Audiobook, CD ISBN: 1597772143 Label: Phoenix Audio Manufacturer: Phoenix Audio Number Of Items: 5 Publication Date: July 01, 2008 Publisher: Phoenix Audio Studio: Phoenix Audio Related Items:
Browse for similar items by category: Click to Display Editorial Review: Product Description: The sub-prime mortgage crisis is only the beginning; a more profound economic and political restructuring is on its way. According to Charles R. Morris, the astronomical leverage at investment banks with their hedge fund and private equity clients virtually guarantees massive disruption in global markets. 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. Average Rating:
 Rating:  - No Insight!I was attracted to the book by the catchy title. After I rushed through it, I was bewildered why the book was writted and published at all: it was a hodgepodge of recycled news clips and published opinions in the firnacial journals. There was no in-depth analysis nor insights regarding fundamental flaws of the global financial system that led us to this misery. For those who wish to understand the current financial turmoil, I think you'll be better served by reading books such as "The New Paradigm ... Read More Rating: - A reasonably clear explaination of the financial crisis.This book is pretty much for the layman who is wondering where their 401K has gone and whether to buy back into the market now or wait. The author outlines how these financial institutions created these new "investment" vehicles then fleeced the market raking in huge fees in the process and setting the world's economy up for the huge fall when the under lying economics failed. Think leverage upon leverage. The only thing wrong with this book is that the author has underestimated ... Read More Rating: - Excellent explanation of the credit bubbles and why they are burstingI wanted to get a deeper understanding of the credit crisis that made big headlines this Fall (2008) and which prompted a huge government intervention. I decided to buy this book based on the mostly positive reviews here, and found them accurate. Despite the fact that this book is already a bit dated (published in early 2008), it provides a good overview of the underlying causes of the financial meltdown. The book is succinct and to-the-point. The author is knowledgable and writes very well (he has written ... Read More Rating:  - Useful study of the great crash of 2008Charles Morris, an American writer, lawyer and former banker, has written a useful account of the long-building credit crash. The last three decades saw the most reckless speculation ever, and the greatest global real estate bubble. By 2005, global financial assets - stocks, bonds, loans and mortgages - were worth four times global GDP. Financial derivatives - a form of claim on these financial assets - had a notional value of ten times global GDP, about $500 trillion. Morris warns that ... Read More Rating: - Clear explanation of the 2008 financial crisisUnderstanding what led to the current crisis is not so easy but Morris does a nice job explaining what led to the mess that the US and the rest of the world finds itself in. Some of the complex financial instruments are so confusing that apparently the underwriters did not fully understand them. For more analysis of these derivatives I recommend "FIASCO" written by Frank Partnoy. Hence I did not blame the author for my lack of total understanding of some of these financial instruments. Given the complexity, I believe, ... Read More 
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