The Big Short: Inside the Doomsday Machine
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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LibraryThing ReviewUser Review - wellreadcatlady - www.librarything.com
A bit confusing and I even learned about the great recession and its causes when I was in business school, but from what I gather from this book, many professionals in trading and finance don't even ... Read full review
LibraryThing ReviewUser Review - Jessiqa - LibraryThing
This book aims to explain the financial crisis of 2008. By focusing the story on a handful of people who saw the crash coming, Lewis is able to explain the background and various components that ... Read full review
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