The real story of the crash began in odd 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 take advantage of the misery of lower–and middle–class Americans who can’t pay their debts. The smart people who understood what used to be or might be happening were paralyzed by hope and fear; after all, they weren’t talking.
Michael Lewis creates a fresh, character-driven narrative brimming with indignation and dark humor, a fitting sequel to his #1 bestseller Liar’s Poker. Out of a handful of unlikely–actually unlikely–heroes, Lewis fashions a story as compelling and abnormal as any of his earlier bestsellers, proving all over again that he’s the finest and funniest chronicler of our time.
The #1 New York Times bestseller: “It’s the work of our greatest financial journalist, at the top of his game. And you need to reading.”—Graydon Carter, Vanity Fair