44 pages • 1 hour read
The Big Short: Inside the Doomsday Machine
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Will more regulations reduce bad behavior on Wall Street, or will the banks always find new and creative ways to get into trouble? Argue for your position.
What is the principal financial instrument used to bet against a bond, and how, briefly, does it work?
Moody’s and Standard & Poor’s both decide to rate a bond as AAA. Give one reason why you should trust their judgment and one reason why you shouldn’t.
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By Michael Lewis
