The Big Short: Inside the Doomsday Machine
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Presents an analysis of the economic crisis of 2009, citing such factors as expanded home ownership and risky derivative elections in the face of increasing shareholder demands and discussing the role of responsible parties in the government, financial, and private sectors.
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.
|Number of Pages:||291|
|Primary Shelf ID:||582782|
|Publisher:||W W Norton & Co Inc|
|Publication Date:||February, 2011|
|Digital Video Formats:||Paperback|
|Assembled Product Dimensions (L x W x H):||5.50 x 8.25 x 1.00 IN|
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