The Big Short: Inside the Doomsday Machine

  • Share this:
Share with a friend
Sign into your email account to send this page to a friend:
Outlook or Apple Mail
or other default program
Walmart Gift Card
Put the fun of shopping in their hands with Walmart Gift Cards! Ship to Home or Send via email.
Advertisement
Advertisement

The Big Short: Inside the Doomsday Machine

Format:  Paperback,

291 pages

Publisher: W W Norton & Co Inc

Publish Date: Feb 2011

ISBN-13: 9780393338829

ISBN-10: 0393338827

Buy from Walmart

Shipping & Pickup
Online
$10.28

In stock for:

  • Store information not available.

 Buy from Marketplace

Shipping & Additional Information

Book Information

The following content was provided by the publisher.
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.

Specifications

Publisher: W W Norton & Co Inc
Publish Date: Feb 2011
ISBN-13: 9780393338829
ISBN-10: 0393338827
Format: Paperback
Number of Pages: 291
Shipping Weight (in pounds): 0.55
Product in Inches (L x W x H): 5.5 x 8.25 x 1.0

About the author

Biography of Lewis, Michael

Michael Lewis was born in New Orleans, Louisiana on October 15, 1960. He received a BA in art history from Princeton University in 1982 and a Masters in Economics from the London School of Economics in 1985. He is a non-fiction author/journalist of mostly financial themes. His books include Liar's Poker, Moneyball: The Art of Winning an Unfair Game, The Blind Side: Evolution of a Game, The Money Culture, and Boomerang.

Chapter outline

Prologue Poltergeistp. xiii
A Secret Origin Storyp. 1
In the Land of the Blindp. 26
How Can a Guy Who Can't Speak English Lie?p. 61
How to Harvest a Migrant Workerp. 85
Accidental Capitalistsp. 104
Spider-Man at The Venetianp. 136
The Great Treasure Huntp. 160
The Long Quietp. 179
A Death of Interestp. 200
Two Men in a Boatp. 226
Epilogue Everything Is Correlatedp. 253
Afterwordp. 265
Acknowledgmentsp. 269
Indexp. 271

Reviews

Review by Library Journal (2010-04-15)

Versatile best-selling author Lewis (Panic) gives a different take on the 2007-08 credit crisis as he chronicles how a handful of investment managers detected early on the growing bubble in the mortgage bond market and made fortunes betting against it. Lewis is a storyteller, and he weaves the personal stories of these renegades against the inner workings of Wall Street's mortgage-backed securities money machine. He explains in plain language how the industry obscured credit risk by packaging and repackaging low-quality sub prime mortgages into complicated securities that could receive high credit ratings in a process he calls the financial alchemy equivalent of turning lead into gold.

He says investors then looked at little more than the ratings as they bought billions of dollars' worth of these supposedly safe bonds. Lewis turns the crisis into a true financial thriller that screams of Wall Street's greed, recklessness, deceit, incompetence, and hubris.

Verdict: Readers from generalists through specialists will find this fast-paced, engaging account both illuminating and disturbing. Highly recommended.

- Lawrence Maxted, Gannon Univ. Lib., Erie, PA

(c). Copyright 2010. Library Journals LLC, a wholly owned subsidiary of Media Source, Inc. No redistribution permitted.

Review by Library Journal (2011-03-15)

No one tells a business tale better than Lewis (Liar's Poker), and this narrative from the other side of the 2007-08 financial crisis is no exception. In chronicling the individuals who made money by betting that America's housing bubble would burst, Lewis makes even the most complex financial products and systems comprehensible to general readers. (LJ 4/15/10)

Awards and Recognitions

  • Los Angeles Times Book Prizes, 2010 (United States)
  • Publishers Weekly Best Books of the Year, 2010 (United States)
  • Robert F. Kennedy Book Award, 2011 (United States)

Customer Product Reviews

 

Gifting Plans

Financing Offers

Enjoy Great Financing!

Make the most of your shopping experience with the Walmart Discover® or Walmart Credit Card.

Save $25 when you open a Walmart® Credit Card and spend $75 today.*

*Offer subject to credit approval

Learn More or Apply Now

No Payments + No Interest if Paid in Full in 6 Months!
Enjoy no payments for 6 months. You'll have 6 months with no payments, and no interest if paid in full within 6 months on orders over $250. Otherwise, interest will be charged from the original date of purchase. Bill Me Later is the quick, easy, secure way to buy online without using your credit card. Simply select Bill Me Later at checkout. Subject to credit approval.

See Terms