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Its 2018 and the UK is still living with this Sub Prime disaster. Why do you think there is no money coming from the government!? Yes 2008 was as bad as the Great Wall Street Crash, at least it was financially. This book is about a few people who saw that this bubble in the housing market was 'about' to burst and how they were going to make money from it. Its not an easy read to be honest. I'm fairly familiar with what happened and how it happened but even I struggled to follow all of the things in this book. I guess it will take a couple of readings to understand it fully. You will be shocked at the way the people involved with creating this crash behaved, and that includes the US government and its departments. It offers no hope for the private citizen and clearly millions and millions of people have been adversely affected by this scandal. All except those at the top and these few people who shorted the market. Just in case you don't know what shorting is?. Shorting the market is actually normal practise and I do it on a weekly basis. Instead of buying stocks to go up you actually sell them to go down! You want to make money from a losing market. Its actually much more complicated than that but that's what it is in lay man's terms. And that's what this book is all about. How these guys made millions by shorting the housing bubble when everyone else said Buy Sub Prime it will make you rich. It will infuriate you as to how this bubble was ever allowed to happen and why all the perpetrators were not locked away for ever. Its not a light read but it is damn interesting and a bit of a page turner. But you won't learn how to trade the markets from this book.Read full review
Verified purchase: Yes | Condition: Pre-owned
This is a book about the sub-prime mortgage crisis of 2008. Some people realized that the banks could not go on lending on such poor assets, repackaging them and then selling them on indefinitely without the whole edifice crumbling. They were very smart people and not only did they realize the true state of things but they bet against the banks. When the banks effectively went bust they cleaned up. Lots of things are obvious with hindsight but it takes real guts to bet against them when everyone else says that you're wrong. A great read that once again proves that when things looks too good to be true it's usually because they are!!
Verified purchase: Yes | Condition: Pre-owned
good book, prefer the film
Verified purchase: Yes | Condition: New
Gripping account of events leading to crash of 2008. Book in excellent condition from supplier
Verified purchase: Yes | Condition: Pre-owned
Yes its a good book as everybody already knows by now. Yes its a good book as everybody already knows by now. Yes its a good book as everybody already knows by now. Yes its a good book as everybody already knows by now. Yes its a good book as everybody already knows by now.
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