Monday, October 31, 2011

The Big Short

by Michael Lewis

Just finished this latest book by Michael Lewis. It is a study of financial market through the 2007-2008 Global Financial Crisis. It focuses on the players behind the creation of this problem, those profiting from it and the resolution (albeit unsatisfactorily) of this period in time.

This again is a great book to read. Again, some of the financial jargon is over my head but Lewis' approach to the subject matter is very well-presented. I realise now this is because he tells it like a story from inception to conclusion, through the view of the various players in this problem. Being Wall Street though, none of these characters are particularly saints, nor are there evil (though some do come close). They are just human beings driven mostly by money. It goes to show if one removes government regulation that is effective and strict what can happen, the GFC.

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