The Big Short: Inside the Doomsday Machine

The Big Short: Inside the Doomsday Machine

The #1 New York Times bestseller: a brilliant accountâ€•character-rich and darkly humorousâ€•of how the U.S. economy was driven over the cliff.
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 doesnâ€™t shine, and the SEC doesnâ€™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 canâ€™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 werenâ€™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 best-selling Liarâ€™s Poker. Who got it right? he asks. Who saw the 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 unlikelyâ€•really unlikelyâ€•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.
Country USA
Brand W. W. Norton & Company
Manufacturer W. W. Norton & Company
Binding Hardcover
ItemPartNumber 9780393072235
ReleaseDate 2010-03-15
UnitCount 1
UPCs 352748465451
EANs 8600007180181

Country	USA
Brand	W. W. Norton & Company
Manufacturer	W. W. Norton & Company
Binding	Hardcover
ItemPartNumber	9780393072235
ReleaseDate	2010-03-15
UnitCount	1
UPCs	352748465451
EANs	8600007180181

The Big Short: Inside the Doomsday Machine

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