The Big Short: Inside the Doomsday Machine (Google eBook)

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W. W. Norton & Company, Feb 1, 2011 - Business & Economics - 320 pages
73 Reviews

The #1 New York Times bestseller: "It is the work of our greatest financial journalist, at the top of his game. And it's essential reading."—Graydon Carter, Vanity Fair

The real story of the crash began in bizarre feeder markets where the sun doesn't shine and the SEC doesn't dare, or bother, to tread: the bond and real estate derivative markets where geeks invent impenetrable securities to profit from the misery of lower- and middle-class Americans who can't pay their debts. The smart people who understood what was or might be happening were paralyzed by hope and fear; in any case, they weren't talking.

Michael Lewis creates a fresh, character-driven narrative brimming with indignation and dark humor, a fitting sequel to his #1 bestseller Liar's Poker. Out of a handful of unlikely-really unlikely-heroes, Lewis fashions a story as compelling and unusual as any of his earlier bestsellers, proving yet again that he is the finest and funniest chronicler of our time.
  

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Great book. Tells the story of the 2008 wall street crash from the perspective of the few in the financial world who understood early-on the huge risk the mortgage backed securities business presented to the whole world. Lewis does a good job explaining how these deals worked , presenting just enough detail without turning it into a finance text book. I would recommend this to any one who wants to understand how the whole Crash came about. 

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Contents

A Secret Origin Story
1
In the Land of the Blind
26
How Can a Guy Who Cant Speak English Lie?
61
How to Harvest a Migrant Worker
85
Accidental Capitalists
104
SpiderMan at The Venetian
136
The Great Treasure Hunt
160
The Long Quiet
179
A Death of Interest
200
Two Men in a Boat
226
Epilogue Everything Is Correlated
253
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About the author (2011)

Michael Lewis, the best-selling author of Liar’s Poker, The Money Culture, The New New Thing, Moneyball, The Blind Side, Panic, Home Game, The Big Short, and Boomerang, among other works, lives in Berkeley, California, with his wife and three children.

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