A #1 New York Times Bestseller
When the U.S. stock market crash became public knowledge in the fall of 2008â it was already old news. The real crashâ the silent crashâ had taken place over the previous year in bizarre feeder markets where the sun doesn't shine and the SEC doesn't bother to tread: bond and real estate derivative markets where geeks invent securities to profit from the misery of those who can't pay their debts. The crucial question is: Who got it right? Who saw it comingâ and made billions?
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