"Collateral Damage Global Crash Phase Two" a fairly recent publication (2010) is an important, serious, and timely book-collection focused on "what caused the bank crashes of 2008 and 2009." This weighty, yet small tome (a small paperback of 292 pages) is rich with a variety of authors (27) and offers readers as many different viewpoints on what might come to be one of the most important periods of time in the world's history of banking, credit, and finance. Crafted by its general editor, Mark Griffith, a "former derivatives trader" with the assistance of Moti Levi, "a business professor, studying risk and decision making" as the academic editor this collection is a rare gem ready to be mined by anyone wanting to develop an informed learning about bank crashes, bubbles, debt, credit, economics, loan agencies, regulation, risk etc.
The articles are clearly not written with the average Mr. and Ms. Public in mind, yet still anyone concerned about the future of their finances and their progeny's quality of life (which let us all face the truth very much revolves around "money") should obtain a copy to work their way through or at the least pass on to someone they know who might be interested in the subject (is anyone interested in money?) The first chapter might probably be of much interest to most Americans, as it contains many familiar terms and is not too terribly complicated. Other readers might be daring enough to take a swing at reading chapter eight regarding real estate which is authored pseudonymously by a "Tyler Durden" (as this reviewer understands its authorship) and is one of the five articles the editors acknowledge as being difficult chapters. Chapter five "Food Insecurity for All" is certainly in every readers' best interest to read (that is if they need to eat food like any other living creature). Aside from the articles' contents simply taking the time to read each chapter's introductory statement about the article's individual author and subject focus will certainly increase a reader's knowledge in general about economics.
The book's construction, as already mentioned, is a paperback and is practically made with oversized end-covers that can serve as dual book marks. The font type is easy on the eye and the body size of the book is small, but comfortable to hold. The only drawback which should be corrected if another printing is ever undertaken would be to expand the width of the book itself so that the printing of the pages could be moved further away from the gutter of the book towards the outer edges to make it easier to read, thus also making it less necessary to crack the book wider open to read the inner type.
This excellent anthology is ideal for college and university courses in a variety of disciplines and should be read and discussed as widely as possible.