● Extreme Money: Masters of the Universe and the Cult of Risk
By Satyajit Das
Review via The Globe and Mail
Forget the hand-wringing over the United States losing its triple-A credit rating. The real threat to the global economy is Europe. That’s the no-nonsense view from Satyajit Das, a global risk expert based in Sydney, Australia, and author of Extreme Money: The Masters of the Universe and the Cult of Risk. Mr. Das is counted among the few who predicted the meltdown of toxic credit derivatives that fuelled the financial crisis of 2008. Now the former financial industry wunderkind is warning of new dangers that are threatening the very future the 17-country euro zone.
