“The CDO was, in effect, a credit laundering service for the residents of Lower Middle Class America. For Wall Street it was a machine that turned lead into gold.”
Quote by Michael Lewis
Work
The Big Short: Inside the Doomsday Machine (movie tie-in)
Michael Lewis' 'The Big Short' delves into the intricate world of financial derivatives and the housing market, exploring how a group of outsiders foresaw the collapse of the financial system. The book provides an in-depth look at the risky practices and speculative investments that led to the 2008 financial crisis, offering readers a firsthand perspective on the events that shook the global economy. more
Author
Michael Lewis
Michael Lewis, born on October 15, 1960, is a renowned American author. His works are known for their in-depth investigations and revelations of the truths in the financial, business, and sports worlds. more
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