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 striping, 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.