The Big Short by Michael M. Lewis
Inside the Doomsday Machine
The book provides an in-depth exploration of the 2008 financial crisis, focusing on the individuals who foresaw the collapse of the housing market and capitalized on it. It delves into the complexities of mortgage-backed securities, collateralized debt obligations, and credit default swaps, illustrating how these financial instruments contributed to the economic meltdown. Through the stories of eccentric and unconventional investors, the narrative highlights the systemic flaws and greed within the financial industry, ultimately revealing the precariousness of the global financial system and the consequences of unchecked risk-taking.
- Published
- 2010
- Nationality
- American
- Length
- Medium
- Pages
- 250-300
- Words
- 95,000
- Original Language
- English
- Alternate Titles
- None
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