SYNOPSIS

When the crash of the U.S. stock market became public knowledge in the fall of 2009, it was already old news… The real crash, the silent crash, had taken place over the previous year, in bizarre feeder markets where the sun doesn't shine and the SEC doesn't dare, or bother, to tread. The smart people who understand what was or might be happening were paralyzed by hope and fear; in any case, they weren't talking. The crucial question: Who understood the risk inherent in the assumption of ever-rising real estate prices, a risk compounded daily by the creation of those arcane, artificial securities loosely based on piles of doubtful mortgages? The author turns the inquiry on its head to create a fresh, character-driven narrative brimming with indignation and dark humor.

ABOUT THE AUTHOR/S

Michael Lewis is the author of the bestsellers The Blind Side and The Big Short, among other books. He lives in Berkeley, California, with his wife and three children.