The Big Short: Inside the Doomsday Machine

Michael Lewis (WW Norton & Company)

In this compelling look at 2008’s world financial meltdown, The Blind Side author focuses on a few money managers who won big when Wall Street bet wrong. Along with a tale of oddballs battling the system, you get an easy-to-swallow education. “The subprime mortgage market had a special talent for obscuring,” Lewis writes. “Alt-A was just what they called crappy mortgage loans for which they hadn’t even bothered to acquire the proper documents---to verify the borrower’s income, say. ‘A’ was the designation attached to the most creditworthy borrowers; Alt-A, which stood for ‘Alternative A-paper,’ meant an alternative to the most creditworthy, which of course sounds a lot more fishy once it is put that way.” With Wall Street woes still in today’s headlines, this book is required reading.

About The Author

Kyle Shaw

Kyle is the editor of The Coast. He was a founding member of the newspaper in 1993 and was the paper’s first publisher. Kyle occasionally teaches creative nonfiction writing (think magazine-style #longreads) and copy editing at the University of King’s College School of Journalism.

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