The Trillion Dollar Meltdown: Easy Money, High Rollers, and the Great Credit Crash Audiobook (Unabridged)

" This guy nailed it, apparently before it all happened, but certainly after. His insight into how we got into this mess is nearly perfect. If you want to know what happened with the banks, the broader financial services industry, and our economy in 2007 - 20??, I recommend reading this book first. "

" Published in February 2008, this is a great analysis of how we got where we are economically, with a conclusion that the markets having over-deregulated now need to reregulate. In the afterword, the author mentions that the free-market mania that has led the country astray has also destroyed healthcare availability for many Americans. I highly recommend this book. "

" Morris doesn't bother to explain most of the more obscure terms and processes, so the about a third of the book was unintelligible to me. "

" Essentially explains (and predicts, given it was written about a year ago) the current financial crash. Oddest fact from the book? US Economy is about $14 trillion. The world economy is about $54 trillion. Value of financial derivatives before this meltdown began? $500 trillion. "

" Morris gets points for being the first out of the blocks, but therein lies the central weakness of his book: he's attempting to tell the story of the meltdown before the crisis has reached its apogee and long before the political actors have started reckoning with the scary realities presented by the near total collapse of the global financial system. My advice: wait for the second edition. "

" Well written. Heavy read, but I found it to be quite informative and eye-opening. I think all of our kids should be forced to read this book :$ "

" A good summary and analysis of the current credit crisis, as well as various important events in US economic history that led up to it. Although well-written, my lack of background in finance made it somewhat difficult for me to follow along. "

" Based on the source (to the right), a strong argument that we have reached the extreme of unregulated markets introduced during the Reagan administration. Tell Steve Forbes not all regulation is bad. "

" Basic, quick read of the current economic crisis. A bit outdated but gives some helpful background. "

" Want to get a handle on the crap going around u - do read . Need to get back to reading Liars Poker and Den of Thieves again . Sounds very familiar "

" Excellent book about the current financial crisis. Well-written and very to the point. In parts, it can get a bit bogged down in a few confusing details about different financial transactions, etc. but not too bad. "

" I'm attempting to understand what happened, and my conclusion is that it's way over my head (and I did give up after half way through). My friend lent me this book ... we may part ways when it comes to enthusiasm over following the market. "

" A first attempt to document the years of ignorance and greed that led to the current economic crisis. A lot went over my head, but what I understood was well thought out, and some of the explanations definitely helped in my understanding. "

" Great overview of the credit crisis - how we got here and some ideas for where to go in the future. Well-written, crisp and informative. I feel much better about my financial future having read it. "

" Reading for the second time.... Mind bendingly complicated "

" very very interesting. there were a lot of concepts that were hard to comprehend for a financial layperson, so i was left with a lot of questions, but certainly took a lot away from it. Really fascinating stuff. scary how ignorant i am of the complex world of finance! "

" First half of the book is very readable, then frankly it could be that I am too tired at night, but it gets a little obtruse, which is probably a root cause of all that went wrong with the economy leading to the present financial crisis. "

" The fastest book out on the subject of the great credit meltdown. Good writing and informative. "

" Imagine Galbraith's "The Great Crash" written before the crash was done and you have this book. I read it in a day. You will thrill at the ways people have invented to screw each other over, and make lots of money for nothing. "

" OK book. Of the 4 financial books I read this year, this is the most forgettable one, since I don't remember the contents of the book. "

" great, short book. thank god it's short b/c you have re-read a lot of it in order to understand all the crazy sh-t the financial world has come up with. "

" Clear and detailed explanations about the origins of the Great Recession although at a time before some of the biggest waves hit shore. Understandable discussions about CMO, CDO, tranche divisons and collateralization risks. A good primer if a bit dated. "

" A good summary and analysis of the current credit crisis, as well as various important events in US economic history that led up to it. Although well-written, my lack of background in finance made it somewhat difficult for me to follow along. "

" Very readable account of the crazy financial system of the last thirty years. "

" Morris doesn't bother to explain most of the more obscure terms and processes, so the about a third of the book was unintelligible to me. "

" very very interesting. there were a lot of concepts that were hard to comprehend for a financial layperson, so i was left with a lot of questions, but certainly took a lot away from it. Really fascinating stuff. scary how ignorant i am of the complex world of finance! "

" Basic, quick read of the current economic crisis. A bit outdated but gives some helpful background. "

" Good overview of how we got into the mortage crisis, but there were too many complex financial instruments to really understand. He assumes you have a certain depth of knowledge for complex finance instruments. "