The Big Short: Inside the Doomsday Machine Inside the Doomsday Machine (Hardcover)
|Author: Michael Lewis|
|A brilliant account—character-rich and darkly humorous—of how the U.S. economy was driven over the cliff. Truth really is stranger than fiction. Who better than the author of the signature bestseller Liar’s Poker to explain how the event we were told was impossible—the free fall of the American economy—finally occurred; how the things that we wanted, like ridiculously easy money and greatly expanded home ownership, were vehicles for that crash; and how shareholder demand for profit forced investment executives to eat the forbidden fruit of toxic derivatives.
Michael Lewis’s splendid cast of characters includes villains, a few heroes, and a lot of people who look very, very foolish: high government officials, including the watchdogs; heads of major investment banks (some overlap here with previous category); perhaps even the face in your mirror. In this trenchant, raucous, irresistible narrative, Lewis writes of the goats and of the few who saw what the emperor was wearing, and gives them, most memorably, what they deserve. He proves yet again that he is the finest and funniest chronicler of our times. .
Michael Lewis launched himself onto the scene with his 1989 book LIAR'S POKER about bond sales at Salomon Brothers. With THE BIG SHORT he once again turns his investigatory and critical eye towards the mammoth financial institutions, digging into the 2008-2009 financial crisis that shook Wall Street. Selected by Publishers Weekly as a 2010 Top 10 Book.