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.
About the Author
Date of Birth:October 15, 1960
Place of Birth:New Orleans, LA
Education:Princeton University, B.A. in Art History, 1982; London School of Economics, 1985
Table of Contents
Prologue Poltergeist xiii
Chapter 1 A Secret Origin Story 1
Chapter 2 In the Land of the Blind 26
Chapter 3 "How Can a Guy Who Can't Speak English Lie?" 61
Chapter 4 How to Harvest a Migrant Worker 85
Chapter 5 Accidental Capitalists 104
Chapter 6 Spider-Man at The Venetian 136
Chapter 7 The Great Treasure Hunt 160
Chapter 8 The Long Quiet 179
Chapter 9 A Death of Interest 200
Chapter 10 Two Men in a Boat 226
Epilogue Everything Is Correlated 253
What People are Saying About This
I’ve joined a lot of other people in just finishing Michael Lewis’s book, The Big Short, and it’s really an eye-opener of what was going on at the time that this real estate bubble was created.
I read it, marked it up for my staff, underlined it, made copies and asked them to read it.
I recommend everyone within the sound of my voice to read [this] book.
[A]n incredible piece of commentary on Wall Street.
If you’re wondering if there’s importance or an urgency to this issue, read the book The Big Short by Michael Lewis, and then, when you’re finished reading, come back to the floor and say that you support this amendment [on financial reform].