Clear but horrifying look at how tthe gears of our country's economic engines turn and churn out massive rewards for creating and then rigging financial games, that ultimately have no risk or punishment for those who are cheating everyone else.. kudos to michael lewis for being smart enough and digging deeply enough into a financial black hole within which we all suspected there was an apparatus that we all suspectedwas somehow resposible for the economic earthquake of 2008, but would never know how to begin to make the case to confirm it. phenomenal read...
Definitely a must-read book to understand what really caused the great crisis of 2007-2008 and to understand the fragility of the world financial system. One is astonished how the few crooks who caused this crisis were allowed to continue be free when they destroyed millions of private investors lives. The book highlights mainly the few people (around 10) who knew what was happening and predicted the catastrophic outcome and no one cared to believe them. On the contrary, they were despised by the industry.
We went to see the movie and much as we enjoyed it, apart from the language, it asked more questions than it answered. So we bought the book. It's a good "listen", engrossing and one that brings out the characters of the key players. Great attention to detail, and clear explanations when needed. Like Moneyball, you need to read the book to get the background. Something the movie makers don't have time for.
enjoyed the story. very interesting about how the players on wall street and the big banks caused such a financial mess. hope they learned a lesson. plan to watch the movie now.
Double Black Diamond
While an interesting and quick read, seems a little light for a book. Learned a few things though.
there's a lot of financial nomenclature but there's no way around that, it was great information and key to understand what's next in store for the US.