Full Faith & Credit: A Novel About Financial Collapse

By: Cook,James R.

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Full Faith & Credit: A Novel About Financial Collapse - A sudden decline in the dollar leads to a steep correction in the stock market. As negative economic news piles up, financial markets go from bad to worse sending stocks and bonds into a relentless tailspin. A panic ensues. The stock market collapses further and most investors are wiped out. The booming economic expansion turns into a sharp credit contraction and depression. Consumer buying shrivels and business activity plummets. Mortgage foreclosures are epidemic. Unemployment soars.

Richie Stenquist, an aggressive speculator, begins to maneuver through the wreckage. In the face of collapsing markets, he parlays his small stake into a vast fortune. The worst is yet to come. The dollar crashes, interest rates scream upward, mutual funds postpone redemptions, and liquidity vanishes. Massive derivative defaults capsize banks and hedge funds. Huge government guarantees and bailouts puts immense financial strains on the government. The depression dramatically reduces the government's tax revenues. Trillions in government debt must be rolled over at double-digit interest rates. A default appears imminent.

The president meets with the chairman of the Federal Reserve and the secretary of the Treasury to try to fashion a way out of the greatest financial crisis in history. Against the backdrop of a nationwide financial collapse and rising social unrest, Richie Stenquist is forced to make difficult personal decisions for himself and his family. Full Faith & Credit is the story of one man's actions and insights in the midst of a crisis.

Title: Full Faith & Credit: A Novel About Financial Collapse

Author Name: Cook,James R.


Publisher: Blue Book Publications: 2000/03/01 00:00:00.000

ISBN Number: 1886768498

ISBN Number 13: 9781886768499

Binding: Hardcover

Book Condition: Used - Good

Seller ID: 299317

Description: Cook,James R. Full Faith & Credit Dust jacket has edge & corner wear. Small tears. Dust jacket creased. Dust jacket in good condition. Book has edge & corner wear. Binding tight. Pages clean & tight. All U.S. orders shipped with tracking number & e-mail confirmation. All Orders Shipped With Tracking And Delivery Confirmation Numbers.