Did Michael Lewis do a good job?

[Mark]

After reading The Big Short, do you have a clearer understanding of the Wall Street collapse of 2008? Does Michael Lewis do a good job, or a poor one, of explaining the arcane financial devices and the ins and outs of the bond markets? Did you find it interesting? Or were you bored to tears?

Question by LitLovers: http://www.litlovers.com/reading-guid...

[Mark]

I have a background in finance I haven't used in decades, so I have a little advantage over some readers. I didn't understand the intricacies of every financial instrument described, but I understood that a CDO was a bond backed by crappy mortgage loans, and a CDS is an insurance policy on a CDO, and that got me through most of the book. The characters involved were far more interesting than the financial instruments.