The Big Short
Publisher:
Thorndike Press
Publication Date:
01 February, 2011
ISBN:
9781594134616
Pages:
411
Subjects:
Business
Available as:
Trade Cloth, 978-0-393-07223-5
Trade Cloth, 978-1-4104-3026-7
Trade Paper, 978-1-59413-461-6
Trade Paper, 978-0-393-33882-9
E-Book - Open Ebook, 978-0-393-07819-0
Description:
A #1 New York Times Bestseller
When the U.S. stock market crash became public knowledge in the fall of 2008 a it was already old news. The real crash a the silent crash a had taken place over the previous year in bizarre feeder markets where the sun doesn't shine and the SEC doesn't bother to tread: bond and real estate derivative markets where geeks invent securities to profit from the misery of those who can't pay their debts. The crucial question is: Who got it right? Who saw it coming a and made billions?
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PW Publishers Weekly
Review Source:
Publishers Weekly
Review Date:
2010-05-03
Copyright:
(c) Copyright PWxyz, LLC. All rights reserved
Although Lewis is perhaps best known for his sports-related nonfiction (including The Blind Side), his first book was the autobiographical Liar's Poker, in which he chronicled his disillusionment as a young gun on Wall Street in the "greed is good" 1980s. He returns to his financial roots to excavate the crisis of 2007-2008, employing his trademark technique of casting a microcosmic lens on the personal histories of several Wall Street outsiders who were betting against the grain-to shed light on the macrocosmic tale of greed and fear. Although Lewis reads the book's introduction, narration duties are assumed by Jesse Boggs, a veteran narrator of business titles (including Lewis's own 2008 book Panic!). Boggs's rich baritone is well suited to the task and trips lightly through a maze of financial jargon (CDOs, derivatives, mid-prime lending) and a dizzying cast of characters. Lewis returns on the final disc for a 10-minute interview about the crisis's aftermath, including a savvy assessment of the wisdom of the financial bailout and where-are-they-now updates on the book's various heroes and villains. A Norton hardcover. (Mar.) (c) Copyright PWxyz, LLC. All rights reserved
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