The Big Short

Inside the Doomsday Machine

Paperback, 264 pages

English language

Published March 14, 2010 by W. W. Norton Company.

ISBN:
978-0-393-07223-5
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Goodreads:
6463967

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(46 reviews)

The #1 New York Times bestseller: a brilliant account — character-rich and darkly humorous — of how the U.S. economy was driven over the cliff.

When the crash of the U. S. stock market became public knowledge in the fall of 2008, it was already old news. The real crash, the silent crash, had taken place over the previous year, 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.

The crucial question is this: Who understood the risk inherent in the assumption of ever-rising real estate prices, a risk compounded daily …

10 editions

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Subjects

  • Nonfiction
  • Memoir
  • Wall Street
  • Stock market
  • Finance
  • Economy
  • 2008 economic crisis