Michael Lewis on 60 Minutes with his new book “The Big Short: Inside the Doomsday Machine”

Michael Lewis is one among the most excellent non-fiction writers with his remarkable share in the enthralling and gripping narrations with a knotty monotonous material. Michaels Lewis, well-known American writer was the guest last night on “60 Minutes” a popular show on CBS Networks’.

Michaels Lewis was there with his new book  “The Big Short: Inside the Doomsday Machine”.

He started his inscription with Salomon brothers and also began to reveal his life experience in his illustrious book Liar’s Poker. Meanwhile, he also used to write for the New York Times. In 1999, he composed a book about the speedily increasing detonation in the Silicon Valley.

He introduced not only the role of engineers but also put in investors who have a significant role in the technological enlargement in his book “The New Thing”. He also wrote various columns for Bloomberg in the magazine of the New York Times.

The newly published book by Michael Lewis tells the story of the originators that ruined Wall Street. The book reveals the fact of the Wall Street traders cheating towards their own profit and did not took the financial crises into account. In the book, he tried to open the fact that the people were given mortgages illegally.

Mortgages were approved for public with no appropriate source of income and without any down payment. It was a deception for traders which will now be sheltered by increasing the tax. He gave an entire overview of his book in the show.