Michael Lewis' The Big Short: Inside the Doomsday Machine Summary

This is a Summary of Michael Lewis' The Big Short: Inside the Doomsday MachineThe real story of the crash began in bizarre feeder markets where the sun doesn't shine and the SEC doesn't dare, or bother, to tread: the bond and real estate derivative markets where geeks invent impenetrable securities to profit from the misery of lower-and middle-class Americans who can't pay their debts. The smart people who understood what was or might be happening were paralyzed by hope and fear; in any case,