Friday, August 31, 2012

Reading up on the subprime mortgage crisis

  
Source: nahb.org, via Pinterest
After reading Sorkin's Too Big to Fail, I was hungry for more.  There was still much to understand and many more perspectives to take into account.

I'd been reading The Wall Street Journal and The New York Times religiously for the last couple of years, but each article focused on one or two aspects of the recession.  I was lacking an overall framework that I could fit these pieces of information into.  It was like having a hamper full of clean, wet clothes without a clothesline to hang my socks, underwear and pants on.  Without the line, I couldn't see what the different pieces were, and they'd never dry and be ready for wearing if I couldn't hang them up.

So I decided to tackle Michael Lewis' book, The Big Short: Inside the Doomsday Machine.   The Big Short deepened my understanding of the subprime mortgage crisis, and it helped me piece together what happened to me, my family, and the rest of the American people.   This allowed me to reflect on my experience and ultimately put it to words.


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