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0 reviewsThe 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.
"...The Big Short is not half the fun of Liar's Poker, but it is more important ... from these unpromising characters, Lewis creates magnificent financial set-pieces ... The slow collapse of the market through 2007 and 2008 makes terrific reading ... Lewis, who lives in Paris, is too worldly to make his parade of short misfits and fantasists into American heroes. In one of those moments of self-knowledge that strike even financiers, Eisman understands that he was shorting not Wall Street but humanity itself ... The American public has not yet grasped the nature and extent of this crime – but it will, it will." - James Buchan, The Guardian UK
Michael Lewis creates a fresh, character-driven narrative brimming with indignation and dark humour, 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.