Against the Rules: The Big Short Companion The Big Short is Big Back
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Oct 7, 2025 Michael Lewis reflects on the legacy of his book, revisiting the 2008 financial crisis. He discusses the pivotal moment when banks showcased their failings, signaling systemic risks. With insights from real-life characters and the filmmakers, he explores the fortunes made by betting against Wall Street. The connections between the crisis and political shifts, including the rise of Donald Trump, are also examined. Listeners gain a fresh perspective as he narrates the new audiobook, unearthing in-depth stories from key figures.
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Returning To Wall Street
- Michael Lewis recounts how he returned attention to Wall Street in 2008 after banks showed huge trading losses.
- He framed The Big Short around a few people who profited by betting against the banks' risky positions.
Meeting The Players Who Bet Against Housing
- Lewis revisits scenes and characters from his book, including Steve Eisman and FrontPoint partners.
- He describes their reactions and how they realized there was a way to make vast sums by betting against the housing market.
The Crisis' Lasting Consequences
- Lewis argues the 2008 financial crisis reshaped the world and still carries lasting consequences.
- He warns many consequences remain and could become worse over time.
