The trillion dollar meltdown: easy money high rollers and the great credit crash
Publication details: New York Public Affairs 2008Description: xviii, 194 pISBN: 9781586485634Subject(s): Capital market - United States | Finance - United States | Financial crises - United StatesDDC classification: 332.04150973 Summary: 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 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.The Trillion Dollar Meltdown 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 get better. This book 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. (Source: www.alibris.com)| Item type | Current library | Item location | Shelving location | Call number | Status | Date due | Barcode |
|---|---|---|---|---|---|---|---|
| Books | Vikram Sarabhai Library | Rack 17-B / Slot 640 (0 Floor, West Wing) | General Stacks | 332.04150973 M6T7 (Browse shelf(Opens below)) | Available | 168484 |
Includes bibliographical references and index
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 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.The Trillion Dollar Meltdown 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 get better. This book 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. (Source: www.alibris.com)
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