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The Big Short posted by Dan Otter | |
Just finished The Big Short by Michael Lewis (bit tardy I realize). It's a fascinating reading of Wall Street's packaging of risking home loans into Collateralized Debt Obligations (CDOs). The focus is on several folks who sniffed out the problem with these products early on and bet heavily on what ultimately came to be: total collapse of the housing market. I would be curious to hear what others think of this book. If you haven't read it yet, here's an extended excerpt by Lewis in Vanity Fair. Also, here's a counter opinion on the value of this book. Dan Otter p.s. This is the first book I have read on my iPad and I hate to say it, but I would short books. Sorry books. | |
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