The Trillion Dollar Meltdown: Easy Money, High Rollers, and the Great Credit Crash
by Charles R. Morris
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Book Summary Information
Author: Charles R. MorrisEdition: Hardcover
Audio: English (Unknown); English (Original Language); English (Published)
Published: 2008-03-04
ISBN: 1586485636
Number of pages: 224
Publisher: PublicAffairs
Book Reviews of The Trillion Dollar Meltdown: Easy Money, High Rollers, and the Great Credit Crash
Book Review: "Mother of All Crashes"?
Summary: 3 Stars
I was impressed with all the information in the book . . . many times bordering on amazement. "Synthetic CDOs" . . . OMG! But I don't understand what the author is stating on page 105, "Over the next year or so there will be no soothing fountains of new dollars coming out of Washington." Am I wrong, or was the Bear Stearns/JP Morgan and UBS bailout not equivalent to a "fountain of cash"? And if so . . . does that change "the mother of all crashes" into the mother of all inflation? I really enjoyed Morris' work, but I wish the author would clarify what he meant by "effectively taking the Fed off the Board" on page 105.
If anybody has an answer, please contact me at totallyjunkmail@hotmail.com
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