This was the best of the books I have read on the financial meltdown. Americans need to read and understand how unethical Wall Street has been for decades. Most of these people should be in jail, instead they are enjoying the millions they ripped off from the working people around the world. The government just paid for their losses and let them carry on business as usual.
Excellent description of what happened in financial crash, good descriptions of complicated securities.
Michael Lewis is a great writer. I have read three or four books on the recent Wall Street fiasco and Lewis has the most easily understood and most entertaining explanation of any of them. If you like this book try Moneyball.
Once again Michael Lewis has taken a very complex financial engineering product and made it simple for us to understand. A great read that explains why the financial markets melted down. The book keeps your attention all the way to the last word.
This is the first non-fiction audiobook that I've listened to (which I do when running). It was compelling; I literally could have run for hours. The only distraction was that the narrator mispronounced a number of the names (how does that happen??).
I highly recommend this book. Michael Lewis does a supurb job of telling the story of the financial meltdown and the relevant causes (CDO's and Credit Default Swaps). I read "Liars Poker" 20 years ago and this book is just as informative and entertaining. He is truly a great author and story teller.
The people to blame for the financial meltdown has always been Wall Street. Michael Lewis nails it in this book. A must read!