We take a look at The Big Short by Michael Lewis.The 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, they weren't talking.Check out KawFee Haus Korner on SubstackConsider supporting the show on PatreonSee what I'm reading on GoodreadsBuy my book on Amazon
Hosted on Acast. See acast.com/privacy for more information.
