The big short
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Kennedy Center for Justice and Human Rights Book Award. It spent 28 weeks on The New York Times ' non-fiction bestseller list. The Big Short was shortlisted for the 2010 Financial Times and Goldman Sachs Business Book of the Year Award. Based on the true story of four outsiders who saw what the big banks, media and government refused to: the global collapse of the economy. Like many of financial journalist and author Michael Lewis’s other works, including Liar’s Poker and Moneyball, The Big Short is a bestseller. It also highlights some of the people involved in the biggest losses in the market crash: Wing Chau, Merrill's $300 million mezzanine CDO manager Howie Hubler, known as the person who lost $9 billion in one trade, the third-largest single loss in history and Joseph Cassano's AIG Financial Products, which suffered over $99 billion in losses. The Big Short: Inside the Doomsday Machine, published in 2010, examines the causes of the 2008 financial crisis, one of the greatest debacles in American economic history. CNN Money on the Stock Market Crash This is an article written right after the stock market crash.
THE BIG SHORT MOVIE
It follows people who believed the housing bubble was going to burst-including Meredith Whitney, who predicted the demise of Citigroup and Bear Stearns Steve Eisman, an outspoken hedge fund manager Greg Lippmann, a Deutsche Bank trader Eugene Xu, a quantitative analyst who created the first CDO market by matching buyers and sellers the founders of Cornwall Capital, who started a hedge fund in their garage with $110,000 and built it into $120 million when the market crashed and Michael Burry, an ex- neurologist who created Scion Capital. The Big Short is probably the most depressing movie this Oscar season and, yes, Im including The Revenant in that statement. The Big Short (2015) The Big Shorts film adaptation is a chill film with a great cast, and were not the only ones who think sothe film was nominated for a bunch of Oscars, including Best Picture. It also highlights the eccentric natures of people who bet against the market or otherwise "go against the grain". The Big Short describes several of the main players in the creation of the credit default swap market that sought to bet against the collateralized debt obligation (CDO) bubble and thus ended up profiting from the financial crisis of 2007–08.