The Big Short, a book review

THE BIG SHORT Inside The Doomsday Machine by Michael Lewis.  You could alternately call it The 2008 Recession Explained.  Remember how everything kind of fell apart in 2008?  Lewis tells us how the subprime morgatge crisis was created, the players in that giant house of cards, and the handful of people who saw it coming.  A brave (and brilliant) few saw the mess for what it is and shorted the entire market to the tune of billions.  

Michiko Kakutani when reviewing Lewis' books says,  

"No one writes with more narrative panache about money and finance than Mr. Lewis.  His entertaining new book does not attempt a macro view of the financial crisis, but instead proposes to open a small window on the calamities by recounting the stories of some savvy renegades who cashed in on their conviction that the system was rotten."

I had fun reading this book.  A few times I even yelled out at a particularly incredulous portion of the story.  I really wish Obama and his entire cabinet would read this and then take the criminals who cheated us all to task!  Like how about putting a few of them behind bars and changing the way we regulate these crooks so it won't happen again.  We got burned folks... 

Michiko Kakutani review for the New York Times here. 

Steven Pearlstein review for the Washington Post here. 

The author Michael Lewis

More about Michael Lewis at Wikipeida. 

Edit:  This is the first book I have read on my new Kindle.  Loving it!