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You simply can't escape the gloomy news about the world economy. But just what exactly are derivatives, toxic debt, collateralized debt obligations and how could the bankers, politicians and ourselves allow this mess to develop? Well read this and you will get a very good idea of what and how. Don't worry, it's no textbook and reads a little like a novel. Highly recommended: a 5-star read.
This is a really interesting book, very well written and explains the current financial crisis really well. Aimed at non-financial types - hedge fund managers need not read it!
Shame it's not a novel ... but if you're still trying to understand the economic crisis we're currently in, this is the book for you.
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