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Overview
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: 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.
The crucial question is this: 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? Michael Lewis turns the inquiry on its head to create a fresh, character-driven narrative brimming with indignation and dark humor, a fitting sequel to his #1 best-selling Liar's Poker. Who got it right? he asks. Who saw the real estate market for the black hole it would become, and eventually made billions of dollars from that perception? And what qualities of character made those few persist when their peers and colleagues dismissed them as Chicken Littles? Out of this 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 times.
The crucial question is this: 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? Michael Lewis turns the inquiry on its head to create a fresh, character-driven narrative brimming with indignation and dark humor, a fitting sequel to his #1 best-selling Liar's Poker. Who got it right? he asks. Who saw the real estate market for the black hole it would become, and eventually made billions of dollars from that perception? And what qualities of character made those few persist when their peers and colleagues dismissed them as Chicken Littles? Out of this 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 times.
| ISBN-13 | 9780393072235 |
|---|---|
| ISBN-10 | 0393072231 |
| Weight | 1.10 Pounds |
| Dimensions | 6.40 x 1.00 x 9.60 In |
| List Price | $29.95 |
| Format | Hardcover |
|---|---|
| Language | English |
| Pages | 320 pages |
| Publisher | W. W. Norton & Company |
| Published On | 2010-03-15 |
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Goodwill of Greater Milwaukee
Milwaukee, WI, USA
The cover has visible markings and wear. Some corner dings. The spine shows creasing or minor wear...
Free delivery by: 31 Mar 2026
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Greenworld Books
Arlington, TX, USA
Good condition. It may show normal signs of use such as light writing highlighting or library markin...
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Greenworld Books
Arlington, TX, USA
Fast-Very Good condition book with a firm cover and clean pages. Shows normal use and some light wea...
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Zoom Books Company
Lynden, WA, USA
Book is in very good condition and may include minimal underlining highlighting. The book can also i...
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Good Books Will Follow
Blue Springs, MO, USA
The book has been read but is in good condition. It has very minimal damage to the cover including...
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