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Paul

Pottstown, PA, United States

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  • The Big Short: Inside the Doomsday Machine

    • UNABRIDGED (9 hrs and 27 mins)
    • By Michael Lewis
    • Narrated By Jesse Boggs
    Overall
    (4467)
    Performance
    (1921)
    Story
    (1941)

    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 number-one best-selling Liar’s Poker.

    Jill Pagano says: "Finally, I understand what happened!"
    "Great analysis of the 2008 crash"
    Overall

    After reading this book, I finally understood what caused the market crash in 2008. It was so inevitable and the few who saw the coming disaster profited greatly. Michael Lewis made a very, very complex problem understandable. I finally understand what a credit default swap is. Warning! This book is not for the financially faint of heart. Well worth the effort.

    2 of 2 people found this review helpful

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