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Boomerang: Travels in the New Third World (Paperback)

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Staff Reviews


In The Big Short Michael Lewis gave us the inside look at the investors who predicted the mortgage crisis. Boomerang tells the story behind the global financial crisis. If things looked bad when the investment banks were about to go under, you can imagine how it is going to be when Greece, France, and Spain default. Governments absorbed the bad investments for the financial services industry and they will pay when people's faith in their ability to back their debts falters.
A Hudson Booksellers Best Book of 2011.

— Justin, Atlanta

Description


Icelanders wanted to stop fishing and become investment bankers. The Greeks wanted to turn their country into a pinata stuffed with cash and allow as many citizens as possible to take a whack at it. The Germans wanted to be even more German; the Irish wanted to stop being Irish Michael Lewis's investigation of bubbles beyond our shores is so brilliantly, sadly hilarious that it leads the American reader to a comfortable complacency: oh, those foolish foreigners. But when he turns a merciless eye on California and Washington, DC, we see that the narrative is a trap baited with humor, and we understand the reckoning that awaits the greatest and greediest of debtor nations.
Product Details
ISBN: 9780393343441
ISBN-10: 0393343448
Publisher: W. W. Norton & Company
Publication Date: September 4th, 2012
Pages: 240
Language: English