The Big Short: Inside the Doomsday Machine - Michael Lewis - B-

I haven't read everything that Michael Lewis has written.  Liar's Poker is in the pile o' books, trying to make it to the top, but it just hasn't made it yet.  I loved Moneyball and greatly enjoyed The Blind Side (despite some rather obvious factual football history mistakes).  Having achieved some level of "reader's block," I looked to The Big Short to get my reading going again.

I liked The Big Short, but I didn't love it.  I SORT OF understood the subprime crisis and CDOs and their large part in the financial collapse.  I didn't understand (like those "experts" responsible for losing billions upon billions of dollars betting on this market) the specific trading failures that led to the historic losses.  And I still don't.  Yes, I understand a little better, but I can sum up this book as follows (without spoiling anything):

"Blah blah blah CDOs blah blah blah crappy sub prime loans blah blah blah teaser rates blah blah defaults blah blah blah stupid traders blah blah blah here are some smart guys who made $$ blah blah these guys good blah blah blah these guys bad blah blah blah BOOM! blah blah Wall Street is and has been bad."

If you like Michael Lewis, The Big Short is worth reading.  He does attempt to boil down this large part of the financial crisis, and as usual, he tells a good story.  I have been told that this book is a better one to provide information and background on the financial crisis, and it is on my list.

Live long, read and prosper.  We'll leave the light on for you.