Title Profile & Character Information

The Trillion Dollar Meltdown

Annotation
"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 the havoc that will play out across the full spectrum of financial assets." "The Trillion Dollar Meltdown explains the arcane financial instruments, the chicanery, the policy misjudgments, the dogmas, and the delusions that created the greatest credit bubble in world history. Paul Volcker slew the inflation dragon in the early 1980s, and set the stage for the high performance economy of the 1980s and 1990s. But Wall Street's prosperity soon tilted into gross excess. Now global confidence in American securities has been shattered, the dollar debased, and the crown jewels of American industry put on auction to foreigners."--BOOK JACKET.

Awards
2008  New York Times Notable Books of the Year