The Big Short: Inside the Doomsday Machine is a book by Michael Lewis. In the circles I travel in, Michael Lewis made Moneyball famous. He didn’t invent moneyball, but he did popularize the term. Also, a great movie by Aaron Sorkin and Brad Pitt didn’t hurt.
In The Big Short Michael Lewis explores the crash of the financial system in 2008.
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.
synopsis by Amazon.com