8 of 8 people found the following review helpful
Prescient and a great read,
This review is from: Trillion Dollar Meltdown: Easy Money, High Rollers, and the Great Credit Crash (Hardcover)
I read this shortly after it was published before many of the events in the current financial & economic crisis unfolded. Over the past few months I have seen its reasoning and predictions born out many times. There are still other predictions which only the future will prove one way or the other but having seemed more fanciful at the time of writing to many mainstream analysts now seem anything but. This is the best book I have read on the credit crisis and, whilst I have some background in finance, unlike a previous viewer I didn't think that it overwhelmed with terminology - I thought it explained complex finance in a very readable manner. I was originally a bit suspicious about a finance book written by a lawyer but I have to concede that this is an impressive account.
Once you've read this, if you haven't read it already and are interested for more, JK Galbraith's account of the Wall Street Crash of the 1930's is great reading and very relevant today.