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Betsy

Betsy's Non-Blog

I'm not a blogger. I just love to read.

Currently reading

Blindsighted
Karin Slaughter
Sapiens: A Brief History of Humankind
Yuval Noah Harari Dr
The Silver Ships
S. H. Jucha

The Big Short: Inside the Doomsday Machine

The Big Short: Inside the Doomsday Machine - Michael Lewis [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.