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English
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Description
Between 2002 and 2008, the world embraced a wave of cheap credit that allowed people to enjoy spoils they usually wouldn't be able to afford. However, when the bubble burst in late 2008, everything came crashing down, including most of Europe. Here, Michael Lewis investigates the causes of the 2008 financial meltdown and projects what awaits the countries that were, and still are, most affected.
Author
Language
English
Formats
Description
The author of the signature bestseller Liar's Poker explains how the event we were told was impossible--the free fall of the American economy--finally occurred; how the things that we wanted, like ridiculously easy money and greatly expanded home ownership, were vehicles for that crash; and how shareholder demand for profit forced investment executives to eat the forbidden fruit of toxic derivatives
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