The Big Short
- Inside the Doomsday Machine
- Narrated by: Jesse Boggs
When the US stock market crash became known to the public in the fall of 2008, it was old news. The real crash, the silent crash, has taken place in the previous year, in exotic feeder markets where the sun doesn’t shine, and the SEC doesn’t dare, or bother, to intervene: the derivatives market bonds and real estate, where enthusiasts invent unpurchased securities to profit from the misery of low- and middle-class Americans who defaulted on debt.
The key question is: Who understands the risk inherent in assuming ever-increasing real estate prices, the complex daily risks of creating elaborate fake securities based on piles of dubious mortgages? ?
Michael Lewis turns the investigation upside down to create a fresh, character-driven story, brimming with outrage and dark humor, a fitting sequel to his number one bestseller The Poker. lie. “Who guessed right?” he asks. Who saw the growing real estate market for the black hole it would become, and ultimately made billions of dollars from that realization? And what personality quality has made that few persist when colleagues and colleagues refer to them as Chicks?
Among these few unbelievable—actually unlikely—heroes, Lewis has crafted a story as compelling and unusual as any of his previous bestsellers, proving once again prove that he is the best and funniest chronicler of our time.
The documentation is complex but very easy to understand. It was interesting to listen and gain insight into what really happened.
Audiobookss audio player
Hi everyone, please be noticed that the Audio player doesn't play next track on IOS version < 15.6. If you are facing that issue, just upgrade your IOS to version 15.6 to fix it. Enjoy!
Top 12 most viewed books in this week!!!