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The Big Short- fascinating read

Wow, just finishing up great book called "The Big Short: Inside the Doomsday Machine" by Michael Lewis. While I have been in the banking industry for many years and have experienced market ups & downs, especially in high risk arena of derivatves, from bankruptcies of companies, LTCM/Amaranth to countries, Russia/Iceland, the '08 capital meltdown was the mother of them all. Having had an "inside view" by working at Bear I still find it fascinating in discovering and learning about the facts of the highly leverage speculative positions taken on, loans made to & taken out by folk with little or no credit and unaccounted market movements not taken into considration in risk models or by rating agencies. There's a ton of info gained from what happened and working towards on profitable and sound directions for the banking industry is a passion of mine.

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