The big short : inside the doomsday machine / Michael Lewis.
Material type:
TextPublication details: New York : W.W. Norton, c2011.Description: xviii, 291 p. ; 21 cmISBN: - 0393338827 (pbk.)
- 9780393338829 (pbk.)
| Item type | Home library | Collection | Call number | Materials specified | Status | Date due | Barcode | Item holds | |
|---|---|---|---|---|---|---|---|---|---|
Adult Book
|
Main Library | NonFiction | 330.973 L675 | Available | 33111006783969 |
Enhanced descriptions from Syndetics:
The real story of the crash began in bizarre feeder markets where the sun doesn't shine and the SEC doesn't dare, or bother, to tread: the bond and real estate derivative markets where geeks invent impenetrable securities to profit from the misery of lower- and middle-class Americans who can't pay their debts. The smart people who understood what was or might be happening were paralyzed by hope and fear; in any case, they weren't talking.
Michael Lewis creates a fresh, character-driven narrative brimming with indignation and dark humor, a fitting sequel to his #1 bestseller Liar's Poker. Out of a handful of unlikely-really unlikely-heroes, Lewis fashions a story as compelling and unusual as any of his earlier bestsellers, proving yet again that he is the finest and funniest chronicler of our time.
"With a new afterword"--Cover.
Includes index.
A secret origin story -- In the land of the blind -- "How can a guy who can't speak English lie?" -- How to harvest a migrant worker -- Accidental capitalists -- Spider-man at the Venetian -- The great treasure hunt -- The long quiet -- A death of interest -- Two men in a boat.
The author examines the causes of the U.S. stock market crash of 2008 and its relation to overpriced real estate, bad mortgages, shareholder demand for excessive profits, and the growth of toxic derivatives.