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andymccoy

Ecletic Reader

I'll read just about anything that might be interesting and love to learn about new things.

The Big Short: Inside the Doomsday Machine

The Big Short: Inside the Doomsday Machine - Michael Lewis Michael Lewis has a way of making the most complicated financial actions seem simple and straightforward. This is the second book of his that I've read and the narrative touch that he brings really helps to make the true chaos of Wall Street understandable. This was no easy task, as the derivatives that led to the subprime meltdown were so complex that few of the actual bond traders understood what was happening. Seeing that some individuals could see the problems long before the regulators and the investment bankers themselves shines a light on just how flawed our financial system is. If I hadn't already thought so, Michael Lewis would easily convince me that our financial system is deeply corrupted.