Lewis, Michael

The big short : inside the doomsday machine / Michael Lewis. - xviii, 291 pages ; 21 cm.

"With a new afterword"--Cover. Includes index.

A secret origin story -- In the land of the blind -- "How can a guy who can't speak English lie?" -- How to harvest a migrant worker -- Accidental capitalists -- Spider-man at the Venetian -- The great treasure hunt -- The long quiet -- A death of interest -- Two men in a boat.

The author examines the causes of the U.S. stock market crash of 2008 and its relation to overpriced real estate, bad mortgages, shareholder demand for excessive profits, and the growth of toxic derivatives. Presents an analysis of the economic crisis of 2009, citing such factors as expanded home ownership and risky derivative elections in the face of increasing shareholder demands and discussing the role of responsible parties in the government, financial, and private sectors.

0393338827 (pbk.) 9780393338829 (pbk.)

2011288002


Global Financial Crisis, 2008-2009.
Financial crises--History--United States--21st century.
Financial crises--History.--United States


United States--Economic conditions--2001-2009.

HC106.83 / .L5 2011

330.973 330.973