This is not Lewis' most energetic piece, but it was the most informative. Prior to listening to this I had a small inkling as to what actually caused the 2008 recession having been deployed at the time. Lewis explains how the crisis originated, however dryly, and brings to the forefront how yet again those in power are inadequately making tough decisions with little to no concern for the masses.
Great car listen btw.
Mr. Lewis does a very good job explaining the complicated esoteric financial structures and the forces at work in the macro that produced a perfect storm to crash the Financial markets in 2008. He also sheds light on the individuals who were smart enough and objective enough to see the catastrophe early and position themselves to profit massively from their insight into the insanity.
The first half of the book, like Liars Poker, is very good and very interesting. The second half it starts to drag slightly. I think a couple of hours could have been shaved off it and still made for a very good book. Having said that it is still worth the read to understand what happened in 2007 and 2008.
Not much value here (in terms of providing an explanation of how/why the housing market collapsed) that couldn't have been covered in a 10-minute segment on 60 minutes. I was expecting more insight into the key participants.
One of the most riveting non fiction books I've ever experienced. I listened shortly before seeing the movie, and it made the movie that much better for having understood the concepts beforehand. The history of the collapse is wild.
I thought it might be difficult to follow the story of what went wrong in the 2008 financial crisis in an audio version, but Michael Lewis, as usual, does such a great job making the convoluted and estoteric understandable I had no problem following the sordid and sorry tale, helped by Jesse Boggs excellent reading.
very F'n educational, Now I feel the Bern! My neighborhood went to crap, seemed like every other home on my block was being foreclosed on. I was suddenly upside in my home mortgage loan. I tried loan re-organazation, denied. interest rate went up to 18%. I stopped making the payments and saving the money. Sold the house short at 65,000 loss. Paid cash for my current home, but my credit score is crap now.
THIS BOOK EXPLAINS HOW IT CAME TO BE