The #1 New York Times bestseller: "It is the work of our greatest financial journalist, at the top of his game. And it's essential reading."—Graydon Carter, Vanity Fair
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.
APPLE BOOKS REVIEW
Michael Lewis' rundown of Wall Street's 2008 subprime fiasco is too captivating to put down. The bestselling author and former banker puts into plain-speak the calamity that bankers created, sharing jaw-dropping anecdotes of willful blindness, greed, ignorance, and deception. His portraits of those few in the finance industry who saw the disaster coming years in advance are particularly fascinating: an awkward ex-neurologist, a terrifyingly blunt Gordon Gekko–haired trader, and a cynical, brazen fund manager who relished punishing big banks. All in all, The Big Short took us on a stomach-churning (and infuriating) ride through the finance sector's implosion.