The trillion dollar meltdown : easy money, high rollers, and the great credit crash / Charles R. Morris.

Includes bibliographical references and index.

Ch. 1. The Death of Liberalism -- Ch. 2. Wall Street Finds Religion -- Ch. 3. Bubble Land: Practice Runs -- Ch. 4. A Wall of Money -- Ch. 5. A Tsunami of Dollars -- Ch. 6. The Great Unwinding -- Ch. 7. Winners and Losers -- Ch. 8. Recovering Balance.

"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.