The Big Short: Inside the Doomsday Machine

As an A-paper mortgage broker who had little to do with the sub-prime market, I wondered how it was that I didn't see the crash coming. Now, thanks to Michael Lewis I feel vindicated after learning that the Wall Street banks didn't see it either, even though several had warned them in clear enough detail. Anyone, who after reading this book continues to gamble with the scum bags on Wall Street, or believing anything anyone who says anything positive about Wall Street, deserves the inevitable losses that will occur. They might just as well put Dr. Kevorkian on their speed dial right now. As a FINRA designated Certified Financial Educator, CFEd., my biggest enemies towards helping people see the truth, are "common sense" which is backwards, and Wall Street and the magical, high octane myth surrounding it . Hooray for Michael Lewis. I hope that one day he has another calling to write about the great deal of wealth that will be accumulated by financial real estate teams out there buying homes today as we are now. Earl Brown

He's very good at telling a story, and this is a great story. A very few people saw the crash coming, and made a fortune because of it. They truly couldn't believe nobody else saw what they saw, and it's sadly thrilling to watch as the economy collapses around them. Lewis also does a very good job of explaining, looking at both the big picture and at fine detail, what happened and who the villains are. One guy lost $19 BILLION!, clearly never understanding at any point the risks he was running - and he never had to give back a dime of the millions he was paid upfront.

Only Michael Lewis could take a tangled web of intentionally confusing jargon that is the financial meltdown and break it down into layman words that any person can understand. The Big Short explains the greed and the players at the root of the mortgage bond market and how the race to feed this giant machine grew undetected by so many people on Wall Street who were supposed to be the smart guys, the ones in charge. This book should be required reading for every member of congress.