The Big Short: Inside the Doomsday Machine
[2/19/2016]I still don't understand what a credit default swap is, or a CDO, or even a short. But I understand a little better who was a fault, and the kind of people who were involved in the whole incredible mess.
Well written, almost like a thriller, this book follows several men who saw what was coming and set out to make money from it. And they did. A lot of money. But it was not an easy ride. I can't say I identified with these people, or understood them, but the book was so well written that I kept wanting to know what happened next.
I recommend it to anyone who'd like a little better understanding of what happened in 2008 and what led up to it.
