The big short: inside the doomsday machine

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Publisher:
W.W. Norton & Company,
Pub. Date:
[2015]
Language:
English
Description
When the crash of the U. S. stock market became public knowledge in the fall of 2008, it was already old news. The real crash, the silent crash, had taken place over the previous year, 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 crucial question is this: 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 #1 best-selling Liar’s Poker. Who got it right? he asks. Who saw the real estate market for the black hole it would become, and eventually made billions of dollars from that perception? And what qualities of character made those few persist when their peers and colleagues dismissed them as Chicken Littles? Out of this 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 times.
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ISBN:
9780393353150
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Grouped Work IDaadec5ca-2cf4-aa23-58c9-5f00f742a266
Grouping Titlebig short inside the doomsday machine
Grouping Authormichael lewis
Grouping Categorybook
Grouping LanguageEnglish (eng)
Last Grouping Update2020-09-27 06:12:01AM
Last Indexed2020-09-27 05:18:44AM
Novelist Primary ISBN9780393072235

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authorLewis, Michael (Michael M.),
author_displayLewis, Michael
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primary_isbn9780393353150
publishDate2015
record_details
Bib IdFormatFormat CategoryEditionLanguagePublisherPublication DatePhysical Description
ils:.b16579586BookBooksEnglishW.W. Norton & Company, [2015]xviii, 291 pages ; 22 cm.
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Bib IdItem IdGrouped StatusStatusLocally OwnedAvailableHoldableBookableIn Library Use OnlyLibrary OwnedHoldable PTypesBookable PTypesLocal Url
ils:.b16579586.i13500727On ShelfCheck Shelffalsetruetruefalsefalsetrue0, 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 12, 20, 21
subject_facetFinancial crises -- United States -- History -- 21st century
Global Financial Crisis, 2008-2009
United States -- Economic conditions -- 2001-2009
title_displayThe big short : inside the doomsday machine
title_fullThe big short : inside the doomsday machine / Michael Lewis
title_shortThe big short
title_subinside the doomsday machine
topic_facetEconomic conditions
Financial crises
Global Financial Crisis, 2008-2009
History