Summary of Michael Lewis's The Big Short

Excerpt From Summary of Michael Lewis's The Big Short



#1



Eisman worked for the people who shaped public opinion about public companies. He started out as a junior equity analyst, not expected to offer his own opinions, but he became the lead analyst for Aames Financial in December 1991, after a subprime mortgage lender called it public, and he had no idea what he was doing.



#2



Aames Financial, like The Money Store, was a subprime lender that catered to cash-strapped Americans. Eisman established himself as one of the only analysts at Oppenheimer whose opinions could move the markets.