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The Big Short
Last Updated on Monday, 23 August 2010 05:01 Written by Mike Keliher Thursday, 12 August 2010 00:08
Why Read?
Because it really was easy to see that the emperor was naked. For a more in depth analysis see this pdf [History - The Big Short]
Lessons to be Learned
That all it took to figure out the scam was thought.
Synopsis
The Big Short tells a story of spectacular, epic folly.
It has taken the world's greatest financial meltdown to bring Michael Lewis back to the subject that made him famous. His international bestseller Liar's Poker exposed the greed and carnage of the City and Wall Street in the 1980s; he wrote it as a cautionary tale, but people seem to have read it as a how-to guide. Now, he wants to settle accounts.
In this visceral tour to the heart of the financial system, Michael Lewis takes us around the globe and back decades to trace the origins of the current crisis. He meets the people who saw it coming, the people who were asleep at the wheel and the people who were actively driving us all of cliff. How could we have all been so deluded for quite so long? Where did it all start? Was it systemic? Was it avoidable? And who the hell can we blame? Michael Lewis has the answers.
