The Trillion Dollar Meltdown
Easy Money, High Rollers, and the Great Credit Crash
Charles R. Morris
PublicAffairs Books, $22.95, 224 pp.
If you’re like most Americans, you probably don’t understand why the economy is such a mess. What you do know is that gas costs almost $4 a gallon, every trip to the grocery store is a shock, your neighbor’s house is in foreclosure, your 401(k) is shrinking, and you didn’t go to Europe this summer because the dollar plummeted. You may have heard that something called Bear Stearns collapsed, and that heads are rolling on Wall Street, but you don’t know a hedge fund from...
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