Non-Fiction Books:

Big Short

Inside the Doomsday Machine

Format

CD-Audio

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The Big Short: Inside the Doomsday Machine by Michael Lewis
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Description

Featuring an Exclusive Audio Interview with Michael Lewis When the crash of the U.S. stock market became public knowledge in the fall of 2008, it was already old news. The real crash, the silent crash, had taken place over the previous year, 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. The crucial question is this: Who understood the risk inherent in the assumption of ever-rising real estate prices, a risk compounded daily by the creation of those arcane, artificial securities loosely based on piles of doubtful mortgages? Michael Lewis turns the inquiry on its head to create a fresh, character-driven narrative brimming with indignation and dark humor, a fitting sequel to his #1 bestselling Liar's Poker. Who got it right? he asks. Who saw the ever-rising real estate market for the black hole it would become, and eventually made billions of dollars from that perception? And what qualities of character made those few persist when their peers and colleagues dismissed them as Chicken Littles? Out of this 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 times. Michael Lewis, "is the finest storyteller of our generation."--Malcolm Gladwell
Release date Australia
October 31st, 2013
Author
Contributor
Read by Jesse Boggs
Country of Publication
United States
Imprint
Simon & Schuster Audio
Dimensions
134x155x29
ISBN-13
9781442300057
Product ID
3949022

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