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.
The Vegas conference I think. Gives an idea of the huge hubris that was going on around mortgage lending at the time.
a lot of those predatory lenders got away scott free and the Federal Reserve just bailed everybody out
Focused on discovering errors in my thought processes
compelling story that should be used as evidence in criminal trials across the world holding senior bank,regulatory, risk rating, and government officials responsible for fraud ,bad faith and violating banking regulations.
A beautifully written book that captures the lives of the few who identified stupidity and utter fraud while at the same time looking at a service industry that refused to acknowledge it's shortcomings. The sad reality of humanity however is our short memories. There will be another crisis like this to follow - if not now then shortly afterwards!
Say something about yourself!
The characters. I am completely fascinated by the story of the 2008 financial collapse but Lewis' book is better than others because of the characters.
So I saw the movie the other night and after reading the book I felt like the movie treated the audience like they were stupid. The cameos of Margot Robbie and Anthony Bourdain were talking down to the audience. Lewis never does that he makes you listen and learn and if need be, rewind. His telling of this story challenges the listener/reader to really understand what crashed the American economy.
Chapter 7 around the 46th minute. I think it is the most honest part of the story-greed, disbelief, stupidity, and revenge. It's all here.
Great storytelling by Lewis and narration by Boggs. The movie might win multiple Oscars and I liked the book so much more.
Didnt read the book, but enjoyed the audio and watched the movie, learned a few things for sure, I wonder what the next big short will be... 401ks.. Goverment bonds...
This book is even better than flash boys because of the better narration. Flash boys was painful to listen.
You will know everything there is to know about all the financial instruments the Wall Street firms used to rob the American public but you won't care one bit about any character in this book.