![]() ![]() ![]() Along the way, Lewis also delves into the personalities and actions of people on Wall Street who contributed to the deepening of the crisis. The narrative revolves around these characters: Steve Eisman of FrontPoint partners, who bet against the subprime lending industry thanks to the advice of Greg Lippmann, a bond trader from Deutsche Bank who recognized the benefit of shorting the industry Michael Burry, a quirky and isolated hedge fund manager who used his investors’ money to bet against subprime mortgage bonds and Cornwall Capital, a company that bet against the bonds on the later side and chose to short the most highly rated of them. It focuses in particular on a few exceptional people who were able to predict the crisis in advance and thus profit from it. The Big Short tells the story of the lead-up to the 2007-2008 financial crisis.
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