If you want to understand the subprime housing crisis more than the next asshole

If you want to understand the subprime housing crisis more than the next asshole

read this article.

Eisman had told me a few weeks earlier. "These guys are only beginning to understand how fucked they are. It's like being a Scholastic, prior to Newton. Newton comes along, and one morning you wake up: 'Holy shit, I'm wrong!' "

Michael Lewis, HYD.