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The Big Short

288 pages, 2010

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In this brilliantly reported and Pulitzer Prize-winning narrative, Michael Lewis brings us to the heart of the pre-crash United States--the strange new world that led us to the edge. Beginning with a handful of rogue traders in Oklahoma and California who spotted a moneymaking opportunity in subprime mortgages, he moves on to describe how their scam unfolded and spread through the financial system. He offers vivid portraits of those involved, from victims such as Alyssa Moore, an Orange County housewife who followed all the rules but still lost her home, to survivors such as Bill Ackman, a young hedge fund manager who saw disaster looming and tried to warn everyone he could reach.