The Big Short: inside the doomsday machine

From Rita Gross
author: Lewis, Michael
The Big Short: inside the doomsday machine
This book sheds light on the 2007-2008 crash of the real estate markets which resulted in our ongoing financial crisis. The author explains the development of the arcane derivative bonds whose collapse fueled the “great recession.”  He exposes the complicity of the brokerage, banks and ratings organizations that contributed to the fall.  The author follows a group of investors who foresaw the disaster- the “big short” refers to their bet against those derivatives which resulted in billions of dollars in gains for them