I.O.U. Why everyone owes everyone and no one can pay/John Lanchester 261 pg.
This is a very readable book about the global economic meltdown. I could really understand the basics behind mortgage CDO's and derivatives and why the phenomenal miscalculation of risk made it inevitable there would be a crash. I haven't read other books by this author but think I should since he seems to be able to use simple language to explain complicated financial issues. - Christa
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