Reading List · Book
The Big Short
Michael Lewis follows a handful of outsiders — including Michael Burry, Steve Eisman, and Greg Lippmann — who recognized the subprime mortgage bubble and bet against it using credit default swaps. The book exposes how rating agencies, investment banks, and regulators collectively failed to understand the CDO products they were creating and selling. It remains the most accessible account of how the 2008 financial crisis was manufactured.
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