Boomerang
3.5 out of 5 stars.
by Michael Lewis, Allen Lane, UK, 2011, RRP $40
Michael Lewis’ earlier book, The Big Short, was a widely acclaimed, definitive book on the sub-prime crisis and everything that followed.
It achieved that status not by telling the story from the heart of Wall Street. Rather he worked his way in via the actions of smaller players far from the financial epicenter.
That gave the work a context with which anyone could identify. It led readers gently into the complexity of what turned out to be a monumental scam. The world is still paying for that, along with the shenanigans of the countries visited in Boomerang, his latest book.
Lewis likes a good financial disaster. He is a crafty and at times eloquent writer. He gives you a point-blank view of what happened at the coalface.