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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