It has taken the world's greatest financial meltdown to bring Michael Lewis back to the subject that made him famous. His international best seller 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 money-making machine, Michael Lewis traces the origins of the crisis and introduces us to a new cast of compulsively fascinating characters. We meet the people who saw it coming, the people who were asleep at the wheel, and others who were actively driving us all off the cliff. Where did it all start? How could we have all been so deluded for quite so long? Did it really have to be this way? And who the hell can we blame? Michael Lewis has the answers.
No one is better qualified to reveal the dark truths about how our world really works. No one else could make it such an enjoyable ride along the way.
This edition includes a prologue read by the author, plus an exclusive author interview.
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Customer ReviewsMost Helpful
By Olivier on 23-01-13
Sub-Primes for Dummies
Anyone who wants to understand the roots of the sub-prime crisis, which has plunged the world in recession for the past 5 years, should definitely get this book. Michael Lewis explains in easily comprehensible terms the concepts and reasons behind the splitting of mortgage loans into various floors and how this dissociation of the loans from the assets led to ever more abstract constructions which finally sent the world into chaos in the summer of 2008. A must read if you want to know why, and how, we got into the mess we are in nowadays.
6 of 7 people found this review helpful
By Joe on 16-10-11
Complex but enjoyable
If you can get your head around complex wall street 'financial speak' such as synthetic CDO's and credit default swaps then this book is a revelation. Or at least it was for me; I thought the banks had been irresponsible now I know they are downright corrupt. The great irony is that they made these complex financial models to hide the risk but the models became so complex that they didn't understand them themselves.
9 of 11 people found this review helpful
Customer ReviewsMost Helpful
By Tony on 25-07-18
This books proves fact is better than fiction
You dont have to understand or love money to love this rollicking true life drama. i didnt want it to end and when it did i immediately bought Liars Poker. Michael Lewis is as smart as the guys that bet short.
By Shreek on 22-07-18
The best financial reporting ever!
This was my first Michael Lewis book and I am new to the world of finance. Michael has an innate ability to explain complex terms in a wonderful story format. I highly recommend this book to anyone remotely interested in knowing the financial crisis of 2007 and finance world in general