The Big Short: Inside the Doomsday Machine is a 2010 non-fiction book by Michael Lewis about the build-up of the housing and credit bubble during the 2000s. It describes several of the key players that in the creation of the credit default swap market that led to the financial crisis of 2007--2010. The book also highlights the eccentric nature of the type of person who bets against the market, or goes against the grain.
This is a must-read for anyone who ever wondered how our economy got in its current mess. The Wall Street guys make the Enron crooks look like amateurs when it comes to sleezy, greedy, amoral vermin.
Finished. Great book, a little technical and detail oriented. I think he assumes you are more familiar with the investment industry. Overall, very worrisome. To think they were so reckless....and... more
Finished. Great book, a little technical and detail oriented. I think he assumes you are more familiar with the investment industry. Overall, very worrisome. To think they were so reckless....and then we bailed out they bastards.