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Publisher Description

Featuring an Exclusive Audio Interview with Michael Lewis

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 bestselling Liar’s Poker. Who got it right? he asks. Who saw the ever-rising 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.

Michael Lewis, “is the finest storyteller of our generation.”—Malcolm Gladwell

Business & Personal Finance
Jesse Boggs
hr min
March 15
Simon & Schuster Audio

Customer Reviews

R Sangha ,

Amazing. Michael Lewis, thank you so much

I'm going to keep this short. This book is flat out amazing. Michael Lewis truly is one of the greatest storytellers of our time. If you really want to know what is going on in Wall Street, and want to gain knowledge of so called "financial crackpots" mangaged to see this collapse coming and prosper from it, you can't afford to miss this book. Check out Fareed Zakaria's GPS interview with Michael Lewis, it is epic.

Tuts19 ,

Great book

This is a great book. It is a fantastic look at the lunacy of the firms involved with subprime bonds, CDSs and CDOs. The characters he used only added to my interest in the book. Buy it. You won't regret it.

mudbuddha ,


Aesome book with the underdog perspective.

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