![]() ![]() Lewis follows the same path he treads in his earlier work (especially my favourite Moneyball, about the world of baseball) and focuses on the people who knew better than the accepted yet faulty wisdom. Unsurprisingly, those who were instrumental in causing the problems are pretty tight-lipped about their involvement. In fact, given the extent of the current global clusterfuck, it makes the shocking Liar's Poker look positively mild by comparison. Just as his earlier excellent work Liar's Poker encapsulated the excesses of Wall Street in the 1980s, so does The Big Short perfectly tell the tale of Wall Street in the 2000s. ![]() How did it all come about and how did it play out? Michael Lewis explains the mess as only he can. Strip away all the intentionally confusing terminology and it all amounts to bets with unbelievable amounts of money. And the people who caused it all got rich during and after, very few felt any sort of consequences, and millions of other people worldwide suffered greatly. Unregulated greed, that went on and on and on. The subprime mortgage crisis, the worldwide financial crisis, people losing their jobs, their money, their houses, their security. I'm surprised it's not an angrier book, but Michael Lewis' writing is as great as ever. ![]() Summary: An excellent and important look at the subprime mortgage crisis, how it was caused, and those who truly saw the problems before everyone else. ![]()
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