"Subprime Lies - The few who saw the end of the world coming" revisits the 2008 financial crisis from the perspective of the contrarians. While the entire banking world was celebrating a never-ending housing boom, a few eccentrics like Michael Burry saw the math didn't add up.Financial writer Robert Carlson explains complex instruments like CDOs (Collateralized Debt Obligations) and Credit Default Swaps in simple terms. He shows how banks bundled toxic loans into "safe" bonds, effectively selling dog shit wrapped in cat shit.This book is a lesson in critical thinking and standing alone. It...
"Subprime Lies - The few who saw the end of the world coming" revisits the 2008 financial crisis from the perspective of the contrarians. While the en...