Analysis Of Inside The Doomsday Machine By Michael Lewis

1915 Words Apr 20th, 2016 8 Pages
Financial Crisis of 2008 Most people, when asked, would easily refer to the Great Depression as the most significant financial crisis to hit the U.S. economy. Even though in 2008, a financial crisis occurred that spread from the U.S. to capital markets and countries around the world. The lack of knowledge about this catastrophe is mainly due to the fact that there is no clear cause behind the crisis. The blame has been placed on many different causes, but there is no clear consensus on one definite reason for everyone to point their fingers. Many books have been written with different perspectives of the financial crisis of 2008, the purpose of this assignment was to choose one and summarize its view of the crisis. I chose to read and evaluate The Big Short: Inside the Doomsday Machine written by financial journalist Michael Lewis. Michael Lewis graduated from Princeton with a B.A. in art history; his first job was with art dealer Daniel Wildenstein as a stock boy in Wildenstein and Co.’s New York office. Lewis left this job for two reasons: the low pay and to follow his then girlfriend and first wife Diane de Cordova. Struggling to find a job in finance, he enrolled in a master’s program at London School of Economics. Through luck and his ability to talk his way into situations, Lewis landed a job as a junior bond salesman at Salomon Brothers. After some time spent working for the notorious bank he realized he hated working on Wall Street. He was being paid large amounts…
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