A brilliant account - character-rich and darkly humorous - of how the U.S. economy was driven over the cliff.
Truth really is stranger than fiction. Who better than the author of the signature bestseller Liar's Poker to explain how the event we were told was impossible—the free fall of the American economy—finally occurred; how the things that we wanted, like ridiculously easy money and greatly expanded home ownership, were vehicles for that crash; and how shareholder demand for profit forced investment executives to eat the forbidden fruit of toxic derivatives.
Michael Lewis's splendid cast of characters includes villains, a few heroes, and a lot of people who look very, very foolish: high government officials, including the watchdogs; heads of major investment banks (some overlap here with previous category); perhaps even the face in your mirror. In this trenchant, raucous, irresistible narrative, Lewis writes of the goats and of the few who saw what the emperor was wearing, and gives them, most memorably, what they deserve. He proves yet again that he is the finest and funniest chronicler of our times. .
BOOK REVIEWS
Media Reviews
"Starred Review. Readers from generalists through specialists will find this fast-paced, engaging account both illuminating and disturbing. Highly recommended." - Library Journal
"His entertaining new book does not attempt a macro view of the financial crisis, but instead proposes to open a small window on the calamities by recounting the stories of some savvy renegades who cashed in on their conviction that the system was rotten … Mr. Lewis 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, a system filled with firms that "disdained the need for government regulation in good times" but 'insisted on being rescued by government in bad times.'" - The New York Times - Michiko Kakutani
"The Big Short manages to give us the truest picture yet of what went wrong on Wall Street—and why. At times, it reads like a morality play, at other times like a modern-day farce. But as with any good play, its value lies in the way it reveals character and motive and explores the cultural context in which the plot unfolds." - The Washington Post - Steven Pearlstein
Reader Reviews
Rated of 5
by chetyarbrough.com Greed Michael Lewis details the collapse of the real estate industry. He identifies the seers that recognized “Quants” were packaging worthless pieces of paper into re-saleable financial instruments called derivatives. Victims care little about who the... Read More
Rated of 5
by Fritz Were 'Smoke and Mirrors' necessary? My biggest problem with the book was that the author failed to explain why even a sound mortgage would make an attractive investment instrument for buyers. If you yourself were to buy such a mortgage, your investment would be tied up, up to... Read More
The information about The Big Short shown above was first featured
in "BookBrowse Previews" - BookBrowse's monthly online-magazine that keeps our members abreast of notable and high-profile books publishing in the coming weeks.
In most cases, the reviews are necessarily limited to those that were available to us ahead of publication.
If you are the publisher or author of this book and feel
that the reviews shown do not properly reflect the range of media opinion now available,
please send us a message with the mainstream media reviews that you would like to see added.
An epic novel and a thrilling literary discovery, The Orphan Master's Son follows a young man's journey through the icy waters, dark tunnels, and eerie spy chambers of the world's most mysterious dictatorship, North Korea.
War, natural disaster, reckless gods and the recognition of impermanence in the world are just some of the threads that AS Byatt weaves into this most timely of books. Linguistically stunning and imaginatively abundant, this is a landmark.
A beguiling, imaginative, inspiring story about the bigness of being alive as an individual, as a member of a tribe, and as a participant in history, exploring how we use storytelling to survive and shape our own truths.
Brilliantly evoking the long-vanished world of masters and servants, Margaret Powell's classic memoir of her time in service is the remarkable true story of an indomitable woman who, though she served in the great houses of England, never stopped aiming high.
Vivid, daring, and unforgettable, The Printmaker's Daughter shines fresh light on art, loyalty, and the tender and indelible bond between a father and daughter.
After hearing the interview on NPR with the author, Ayad Akhtar, I was intrigued.
This is a timely, contemporary novel concerning topics of...
read more
I read The Healing in two sittings it is a fascinating story of plantation life at the beginning of the Civil War. Granada, a slave newborn child...
read more
Amazon to open bricks and mortar store in Seattle(Feb 07 2012) Last week, the word in the blogosphere was that Amazon was considering opening a bricks-and-mortar store. Over the weekend goodereader.com added substance to...
Full Story
Arizona bills Amazon for $53 million in uncollected sales tax(Feb 06 2012) The ongoing sales tax battle between many US states and large online retailers, most notably Amazon, continues with a thrust from Arizona which, last week,...
Full Story
of 5
by chetyarbrough.com
RSS feed
