The Big Short: Inside the Doomsday Machine by Michael Lewis, 266 pages.Michael Lewis does an excellent job explaining Credit Default Swaps, Collateralized Debt Obligations, and how, in part, the financial and housing markets melted down in 2008. He tells the story, and explains the terms by talking to the people who saw the melt-down coming, and the people who did not. These were the money men, the ones who received millions of dollars per year to steer clear of this kind of disaster. Kind of bleak in the end, since the post-2008 reforms were cosmetic, and we're left with an unstable system that could easily melt again.
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