The Trillion Dollar Meltdown by Charles R. Morris
Easy Money, High Rollers, and the Great Credit Crash
A clear, urgent account of the causes and dangers of the 2007–2008 financial crisis, arguing that a mix of complex mortgage securities, excessive leverage, lax regulation, and flawed incentives at banks, rating agencies and government-sponsored entities had created a fragile system vulnerable to catastrophic losses. The narrative explains how subprime lending, securitization, credit-default swaps and off‑balance-sheet vehicles spread and amplified risk across the global financial system, describes key players and episodes that precipitated the meltdown, and critiques policy failures while suggesting reforms to rein in systemic risk. Combining history, case studies and plain-language explanations of arcane financial instruments, the book shows how short-term profit-seeking and regulatory complacency produced consequences far beyond Wall Street.
- Published
- 2008
- Nationality
- American
- Length
- Unknown
- Pages
- Unknown
- Original Language
- English
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- Alternate Titles
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