The Big Short by MIchael Lewis
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The Big Short by MIchael Lewis


  • College
  • 1290

Short excerpt:

In the book The Big Short Inside the Doomsday Machine, author Michael Lewis has narrated his assessment as a Wall Street insider for a time period spanning over 20 years. The author sheds light on fallacies of newer financial products (like subprime mortgages, collateralized bond obligations (CDOs), credit default swaps (CDS)) brought out by financial corporate houses starting from the 1980s and pursued vigorously during the 1990s and the first decade of this century that led to a terrible economic recession beginning 2008. More importantly, Lewis takes his readers through the Wall Street culture of refusing to handle or admit the problem.

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