How the economy fell apart - the book

Released two years after the historic failure of investment bank Bear Stearns, The Big Short: Inside the Doomsday Machine, the new book by financial journalist extraordinaire Michael Lewis, doesn’t have a lot of new information to offer us. We already know well-educated idiots had too much control on Wall Street. We already know the ratings agencies offered less accurate analyses of the market than the best guesses of a fifth grade math class. And we already know the banks gamed the system by taking advantage of poorly conceived accounting rules. Still, Lewis’ masterful tale of the known is a must read for all trying to understand why the economy fell apart.