I just finished Michael Lewis’ latest book, Boomerang: Travels in the New Third World. Boomerang picks up where The Big Short left off, and discusses the background of the worldwide financial crash via visits to Iceland, Greece, Ireland and Germany. What I found particularly interesting is that, in The Big Short, Lewis seemed to place the blame solely on the shoulders of the US bankers who created the credit default swaps and other products that proliferated in the years leading up to the crash in 2008 but, in Boomerang, more blame is placed on governments and citizens.
Personally, I think that he needs to read Gretchen Morgenson’s Reckless Endangerment as a reminder that the US government most certainly had a role in the crash. That said, Boomerang is the latest in the growing list of eminently readable books by Michael Lewis.