The true cost of the crisis is immeasurable from "summary" of The Big Short by Michael Lewis
The financial crisis of 2008 was like a tsunami that swept through the global economy, leaving behind a trail of destruction. The true cost of this crisis cannot be quantified in simple numbers or figures - it goes beyond the balance sheets and profit margins. It was a crisis that shook the very foundations of the financial system, exposing deep-rooted flaws and vulnerabilities that had been building up for years. The impact of the crisis was felt far and wide, affecting not just the banks and financial institutions, but also ordinary people who lost their homes, their jobs, and their savings. It was a human tragedy on a massive scale, with millions of families being pushed to the brink of destitution. The social cost of the crisis was immeasurable, as communities were torn apart and lives were shattered. But the true cost of the crisis goes even deeper than that. It was a crisis of trust and confidence, as people lost faith in the institutions that were supposed to protect and serve them. It was a crisis of ethics and morality, as greed and recklessness d...
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