Thursday, July 08, 2010

The ten best credit crunch books

Ruth Sunderland is business editor of The Observer. She came up with a list of the ten best credit crunch books.

One title on the list:
The Big Short: Inside the Doomsday Machine by Michael Lewis

In the 1980s, Michael Lewis proved himself a master-chronicler of Wall Street with Liar's Poker, which laid bare the machismo and excess at Salomon Brothers. More than 20 years on, his sequel shows how little was learned. The twist in this tale is that it is told from the point of view of the "winners" – the handful of men who made huge sums by betting correctly on a meltdown. An unputdownable book, but it's uncomfortable to identify with people who became indecently rich because their predictions of misery proved right.
Learn about another book on the list.

Read about Michael Lewis' favorite books.

--Marshal Zeringue