"The Big Short"

An interesting review by Jeff Madrick of Michael Lewis' recent book "The Big Short" appears in the June 10 New York Review of Books (I am finally catching up). Here is the article in its entirety. The book is about the recent financial crisis; in particular, about derivatives, credit default swaps, and all the goodies that I discussed in a previous blog; the review is interesting in itself. Michael Lewis's other well-known book (besides "Moneyball") is also about big-time financial speculation: "Liar's Poker." I hope to read the new one sometime in the near future.