The real story of the crash began 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.
Michael Lewis creates a fresh, character-driven narrative brimming with indignation and dark humor, a fitting sequel to his #1 bestseller Liar's Poker. Out of a handful of unlikely--really unlikely--heroes, Lewis fashions a story as compelling and unusual as any of his earlier bestsellers, proving yet again that he is the finest and funniest chronicler of our time.
The #1 New York Times bestseller: "It is the work of our greatest financial journalist, at the top of his game. And it's essential reading."—Graydon Carter, Vanity Fair
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Why Michael Lewis, according to Malcolm Gladwell, “is the finest storyteller of our generation”:
“So memorable and alive. . . . It’s one of those rare works that encapsulate and define an era. . . . Remember the 1980s? When you want to recall this roaring decade, pick up a copy of Liar’s Poker.” ―Fortune
“Devastatingly funny.” ―New York
“The best business book Lewis has written. It may be the best business book anyone has written.” ―Mark Gerson, The Weekly Standard
“A brilliantly told tale. . . . Michael Lewis’s beautiful obsession with the idea of value has once again yielded gold.” ―Garry Trudeau
Michael Lewis, is the best-selling author of Liar’s Poker, Moneyball, The Blind Side, and Flash Boys. He lives in Berkeley, California, with his wife and three children.
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Buchbeschreibung Penguin UK Nov 2015, 2015. Taschenbuch. Buchzustand: Neu. Neuware - The #1 New York Times bestseller-Now a Major Motion Picture from Paramount PicturesFrom the author of The Blind Side and Moneyball, The Big Short tells the story of four outsiders in the world of high-finance who predict the credit and housing bubble collapse before anyone else. The film adaptation by Adam McKay (Anchorman I and II, The Other Guys) features Academy Award(r) winners Christian Bale, Brad Pitt, Melissa Leo and Marisa Tomei; Academy Award(r) nominees Steve Carell and Ryan Gosling. 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. Who understood the risk inherent in the assumption of ever-rising real estate prices, a risk compounded daily by the creation of those arcane, artificial securities loosely based on piles of doubtful mortgages In this fitting sequel to Liar's Poker, Michael Lewis answers that question in a narrative brimming with indignation and dark humor. 288 pp. Englisch. Artikel-Nr. 9780141983301