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: Major investment banks and hedge funds operated with astronomical levels of borrowed money, meaning even small losses could lead to total insolvency.
: The rise of "extreme money" games played by a small community of financiers operating largely outside of government regulation. the two trillion dollar meltdown
is a prescient book by Charles R. Morris that explains the catastrophic 2008 global financial crisis. Published just as the crisis was beginning to unfold, it identifies the reckless financial practices and policy errors that created the largest credit bubble in world history. Core Argument and Timeline : Major investment banks and hedge funds operated