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Quote by Michael Lewis

“When Steve Eisman stumbled into this new, rapidly growing industry of specialty finance, the mortgage bond was about to be put to a new use: making loans that did not qualify for government guarantees. The purpose was to extend credit to less and less creditworthy homeowners, not so that they might buy a house but so that they could cash out whatever equity they had in the house they already owned.”

Quote by Michael Lewis

Book:The Big Short: Inside the Doomsday Machine

Work

The Big Short: Inside the Doomsday Machine

The book delves into the intricate details of the financial crisis, providing an in-depth look at how a group of investors foresaw and profited from the impending disaster. It examines the role of Wall Street, the government, and the housing market in the lead-up to the crisis, offering a critical analysis of the events that led to the global economic downturn. more

Author

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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