Summary: Michael Lewis' The Big Short: Inside the Doomsday Machine (Unabridged‪)‬

This is a summary of Michael Lewis' The Big Short: Inside the Doomsday Machine

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 best-seller 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 best-sellers, proving yet again that he is the finest and funniest chronicler of our time.

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