The Big Short: The real story of the crash began in bizarre feeder markets where the sun doesn't shine and the SEC doesn't dare, or bother, to tread: the bond and real estate derivative markets where geeks invent impenetrable securities to profit from the misery of lower--and middle--class Americans who can't pay their debts. The smart people who understood what was or might be happening were paralyzed by hope and fear; in any case, they weren't talking.

Michael Lewis creates a fresh, character-driven narrative brimming with indignation and dark humor, a fitting sequel to his #1 bestseller Liar's Poker. Out of a handful of unlikely--really unlikely--heroes, Lewis fashions a story as compelling and unusual as any of his earlier bestsellers, proving yet again that he is the finest and funniest chronicler of our time.

The #1 New York Times bestseller: "It is the work of our greatest financial journalist, at the top of his game. And it's essential reading."—Graydon Carter, Vanity Fair

Order 'Big Short' for an Out-to-Lunch Congress - Bloomberg


Order 'Big Short' for an Out-to-Lunch Congress
Bloomberg
Order up another copy of Michael Lewis's “The Big Short” for the good congressman. Early Achievements Evidence of the potential good that can come from the OFR is found in the work it has already undertaken. For example, it has reached out to experts ...

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Madoff, Facebook and the sub-prime mortgage fiasco: from the Guardian - Vancouver Sun (blog)


Madoff, Facebook and the sub-prime mortgage fiasco: from the Guardian
Vancouver Sun (blog)
In other news, what were banks thinking when they allowed the sub-prime mortgage bubble to build and then burst in the US Michael Lewis's The Big Short suggests bankers didn't know what they were doing. But a new book by Charles Ferguson excerpted in ...

Facebook's IPO: A View From The West - SYS-CON Media (press release) (blog)


SYS-CON Media (press release) (blog)

Facebook's IPO: A View From The West
SYS-CON Media (press release) (blog)
Ever read the Big Short? Facebook is losing its cool and more importantly its trust. Survey after survey notes the latent discontent with the service and lack of trust in the service. Of course Microsoft had the same issues and that didn't end so badly ...

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Luhnow discusses Draft in online chat - Astros.com


Luhnow discusses Draft in online chat
Astros.com
You should read The Big Short. Wow. karlinlj: Q: Would you be willing to give us a hint on the new uniforms for next season? Color maybe? JL: Kathleen Clark is sitting right next to me. If I said anything (and that assumes I know anything), ...

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Macroeconomic Concerns Alter Retailer Global Expansion Strategies - Retail Traffic


Retail Traffic

Macroeconomic Concerns Alter Retailer Global Expansion Strategies
Retail Traffic
“Things in Europe are very uncertain right now in terms of how all of these austerity measures are going to play out,” agrees Ann Natunewicz, national manager of retail research at Colliers International in Washington, DC The big short term issue is ...

JPMorgan's big loss: Was it hedging or betting? - Philadelphia Inquirer


MarketWatch

JPMorgan's big loss: Was it hedging or betting?
Philadelphia Inquirer
Instead, they make large, often complex and sophisticated bets on their reading of market trends, such as the investors whose story was chronicled in Michael Lewis' The Big Short and who made billions of dollars from the collapse of the recent housing ...
The 4 hard lessons of 2008 that Dimon must accept MarketWatch

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Heist of the century: Wall Street's role in the financial crisis - The Guardian


The Guardian

Heist of the century: Wall Street's role in the financial crisis
The Guardian
In his book The Big Short, Lewis leaves the impression that Wall Street was blindly running itself off a cliff, whereas a few wild and crazy, off-the-beaten-track, adorably weird loners figured out how to short the mortgage market and beat the system.

How to make a killing on the euro crash - GlobalPost


How to make a killing on the euro crash
GlobalPost
Likewise, the financial nerds profiled in Michael Lewis' "The Big Short" cashed in, big time. Before the UK's 1994 Black Monday crash, financier-philanthropist George Soros, sensing central bankers with their heads in the sand, made billions shorting ...

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Lehman E-Mails Show Wall Street Arrogance Led to the Fall - Bloomberg


Bloomberg

Lehman E-Mails Show Wall Street Arrogance Led to the Fall
Bloomberg
So did other firms: At Goldman Sachs Group Inc. (GS), these “initial tremors” in December 2006 were sufficient to get the firm to make a huge proprietary bet -- referred internally at Goldman as the “Big Short” -- that paid off big-time in 2007 and ...

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Europe faces difficult search for growth - Salon


Salon

Europe faces difficult search for growth
Salon
Likewise, the financial nerds profiled in Michael Lewis' “The Big Short” cashed in, big time. Before the UK's 1994 Black Monday crash, financier-philanthropist George Soros, sensing central bankers with their heads in the sand, made billions shorting ...

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