The Big Short: Inside the Doomsday Machine (Google eBook)
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 FairThe 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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How Can a Guy Who Cant Speak English Lie?
How to Harvest a Migrant Worker
SpiderMan at The Venetian
The Great Treasure Hunt
The Long Quiet
A Death of Interest
Two Men in a Boat
Epilogue Everything Is Correlated