The Big Short by Michael Lewis

This is about the financial crisis of 2008, as it unfolded on Wall Street. It is very well written, with a pacy style that only occasionally drags, as it almost inescapably must, when explaining the intricacies of the financial structures created in investment banks.

It is timely to read it now, when we risk forgetting just what a gigantic screw up the whole thing was (and is). We should remain seriously concerned that all of the leading players, the people who led the companies that squandered incalculable sums of money, stepped away from their posts with millions of dollars in private wealth.

The author sets it all out, colourfully but with appropriately cynical indignation. And he tells the story through a handful of individuals, in real reportage. A good read.


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