Sunday, December 06, 2009

Bargain book about the financial crisis

Looking for an inexpensive Christmas gift for yourself or others? Just want something to read while traveling? The Two Trillion Dollar Meltdown is currently available from for only $4.55.

I haven't read the book, so I can't attest to its quality. I do, however, get a kick out of this 1-star reader review of the first edition from April 29, 2008:
"Trillion Dollar Melt Down" is about the 2007 sub-prime credit crisis. The huge problem, though, is that the book mostly proclaimed that the sky was falling in 2007 when it was written, but now - (mid 2008) when the book has finally reached the market - the sky still hasn't fallen, no recession has started, and unemployment is still very low. The book, then, seems like a short (194 pages), obsolete gimmick, raced to market, to capitalize on old fears about something that never happened.


  1. The moment I begin reading news information supplied by the anonymous masses is the moment I become irrelevent and brain-dead. Now go graze, cattle.

  2. I have the book and highly recommend it.

    I originally found the 1st edition at the library. It was "The Trillion Dollar Meltdown" and was written early 2008 before the events of that September.

    It was kind of interesting to read from the perspective of the author who thought things had melted down at that point. I bought the 2nd edition. It's basically the same book with a few comments about how things had changed since the 1st edition. And, the title is now "Two Trillion." (Interesting how a few months can change things.).

    Another really good book is "Too Big to Fail" by Sorkin. It takes you through the meltdown on an hour-by-hour basis. It's massive and can be tedious at times. But, you get the feeling you're really there and know the participants.

    It's written in "scenes." Short vignettes that tie together the further you go.

  3. Also, be aware that the hardcover is the 1st edition. The one which the Amazon user commented on.

    As I said in my previous comment, they're both about the same. But, the 2nd edition ("Two" trillion meltdown) has some additional comments about what transpired since the 1st edition. All the good stuff's about the same though.

  4. If you want to transcend books which can be written by "experts" who are bought and paid for, try following independent investigative journalists such as Daniel Estulin. That is, if you can handle truth.

  5. Mark F said...
    "Also, be aware that the hardcover is the 1st edition."

    Good catch.