Senate Majority Whip Dick Durbin (D-Ill.) I’ve joined a lot of other people in just finishing Michael Lewis’s book, The Big Short, and it’s really an eye-opener of what was going on at the time that this real estate bubble was created. Senate Majority Leader Harry Reid (D-Nev.) I recommend everyone within the sound of my voice to read book. But it’s good to be reminded every now and again what genius looks like. I read Lewis for the same reasons I watch Tiger Woods. Malcolm Gladwell - New York Times Book Review One of the best business books of the past two decades. Lewis achieves what I previously imagined impossible: He makes subprime sexy all over again. Superb: Michael Lewis doing what he does best, illuminating the idiocy, madness and greed of modern finance. Lewis does a colorful job of introducing the lay reader to the Darwinian world of the bond market. does a nimble job of using his subjects’ stories to explicate the greed, idiocies and hypocrisies of a system notably lacking in grown-up supervision.Writing in faintly Tom Wolfe-ian prose, Mr. No one writes with more narrative panache about money and finance than Mr. 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. 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. 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 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. stock market became public knowledge in the fall of 2008, it was already old news. The #1 New York Times bestseller: a brilliant account-character-rich and darkly humorous-of how the U.S.
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