Wall Street


The Big Short: Inside the Doomsday Machine
Liar's Poker
Flash Boys: A Wall Street Revolt
Too Big to Fail: The Inside Story of How Wall Street and Washington Fought to Save the Financial System from Crisis — and Themselves
Den of Thieves
When Genius Failed: The Rise and Fall of Long-Term Capital Management
Barbarians at the Gate: The Fall of RJR Nabisco
Black Edge: Inside Information, Dirty Money, and the Quest to Bring Down the Most Wanted Man on Wall Street
A Random Walk Down Wall Street: The Time-Tested Strategy for Successful Investing
More Money Than God: Hedge Funds and the Making of a New Elite
The Predators' Ball: The Inside Story of Drexel Burnham and the Rise of the Junk Bond Raiders
House of Cards: A Tale of Hubris and Wretched Excess on Wall Street
The Buy Side: A Wall Street Trader's Tale of Spectacular Excess
The Greatest Trade Ever: The Behind-the-Scenes Story of How John Paulson Defied Wall Street and Made Financial History
Young Money: Inside the Hidden World of Wall Street's Post-Crash Recruits
Michael   Lewis
A credit default swap was confusing mainly because it wasn’t really a swap at all. It was an insurance policy, typically on a corporate bond, with semiannual premium payments and a fixed term. For instance, you might pay $200,000 a year to buy a ten-year credit default swap on $100 million in General Electric bonds. The most you could lose was $2 million: $200,000 a year for ten years. The most you could make was $100 million, if General Electric defaulted on its debt any time in the next ten ye ...more
Michael Lewis, The Big Short: Inside the Doomsday Machine

Michael   Lewis
The CDO was, in effect, a credit laundering service for the residents of Lower Middle Class America. For Wall Street it was a machine that turned lead into gold.
Michael Lewis, The Big Short: Inside the Doomsday Machine

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