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The Big Short: Inside the Doomsday Machine by Michael Lewis
In The Big Short, author Michael Lewis examines Wall Street's financial shenanigans involving the securitization of subprime home mortgages, and those who saw the collapse of this house of cards and sold short to profit from the inevitable disaster. He shows how Wall Street firms and bond rating firms had plenty of blame to share in disguising the real risks of these securities. Those who saw through this sleight of hand invested in their collapse, despite the ridicule they received for their actions, and few were happy they were correct. The Big Short has received positive reviews with the Washington Post saying, "The Big Short manages to give us the truest picture yet of what went wrong on Wall Street -- and why. At times, it reads like a morality play, at other times like a modern-day farce. But as with any good play, its value lies in the way it reveals character and motive and explores the cultural context in which the plot unfolds."