The Big Short: Inside the Doomsday Machine

Greed is not so good. perry man Clever and intriguing with a real from the street feeling as the writer, Michael Lewis tells the story from the viewpoints of several critical, but lesser known “main players” who saw and actively partook in the Wall Street madness. Lewis spent several years on wall Street- straight outta college and he understands the games played, his earlier book “Liar’s poker” dug into this –covering the 1980’ “Greed is Good” fever. ( I will be reading that book sometime in the future). What I took away from this book is that the reason the Bush and Obama administrations did not punish th. "Loved the book, loved the movie" according to Susan Sloate, Best-selling author of FORWARD TO CAMELOT and STEALING FIRE. I saw the movie before I read the book, and for reasons I can't explain, it simply fascinated me. I re-watched it dozens of times, and read the book three or four times. Like the other Michael Lewis books I've read, this is a fast read explaining a lot of complex issues and introducing you to interesting, funny and quirky characters, in this case the outsiders who saw what no one on Wall Street did. While I have a soft spot for Charlie and Jamie, the barely-out-of-school kids who caught wind of the trade and rode it to enormous profits, my heart really goes out to Michael Burry, the guy who saw it first, understood the implicati. ConstantReader said Autopsy of the financial crisis of "Autopsy of the financial crisis of 2008" according to ConstantReader. As a pretty regular reader of the business section of the New York Times, I knew that adjustable-rate mortgages were expected to run into problems some day, and I knew what CDOs were and how they transferred risk from mortgage originators to third parties in a way that was economically unsound. But I didn't understand credit-default swaps and I had always thought short selling was kind of sleazy. Having read the book, which I found absorbing and exciting (like a mystery novel, actually), I have a much better understanding of the underpinnings of the 2008 crisis, including not only credit-default swaps and short selling, but how . 008. As a pretty regular reader of the business section of the New York Times, I knew that adjustable-rate mortgages were expected to run into problems some day, and I knew what CDOs were and how they transferred risk from mortgage originators to third parties in a way that was economically unsound. But I didn't understand credit-default swaps and I had always thought short selling was kind of sleazy. Having read the book, which I found absorbing and exciting (like a mystery novel, actually), I have a much better understanding of the underpinnings of the "Autopsy of the financial crisis of 2008" according to ConstantReader. As a pretty regular reader of the business section of the New York Times, I knew that adjustable-rate mortgages were expected to run into problems some day, and I knew what CDOs were and how they transferred risk from mortgage originators to third parties in a way that was economically unsound. But I didn't understand credit-default swaps and I had always thought short selling was kind of sleazy. Having read the book, which I found absorbing and exciting (like a mystery novel, actually), I have a much better understanding of the underpinnings of the 2008 crisis, including not only credit-default swaps and short selling, but how . 008 crisis, including not only credit-default swaps and short selling, but how

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 #1 New York Times bestseller: "It is the work of our greatest financial journalist, at the top of his game. 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. Michael Lewis creates a fresh, character-driven narrative brimming with indignation and dark humor, a fitting sequel to his #1 bestseller Liar's Poker. The smart people who understood what was or might be happening were paralyzed by hope and fear; in any case, they weren't talking. And it's essential reading."—Graydon Carter, Vanity Fair

Boggs's rich baritone is well suited to the task and trips lightly through a maze of financial jargon (CDOs, derivatives, mid-prime lending) and a dizzying cast of characters. He returns to his financial roots to excavate the crisis of 2007–2008, employing his trademark technique of casting a microcosmic lens on the personal histories of several Wall Street outsiders who were betting against the grain—to shed light on the macrocosmic tale of greed and fear. From Publishers Weekly Although Lewis is perhaps best known for his sports-related nonfiction (including The Blind Side), his first book