After reading so many books of the recent economic tsunami this approaches the subject from a different direction, those who successfully profited on a large scale. Now, this is particularly painful as a Mortgage Trader who began giving speeches in 2004 of "The Coming Crash in Home Prices". Unfortunately my largest bond fund was heavily invested in BBB tranches of mortgage securitizations and I was too bull headed/stubborn to exit this tragic occurrence. But this book also shows the mechanism that so few on Wall Street used until too late, some of which were thought not to be available to individuals but proven wrong here.
But is this any reason to not enjoy American Capitalism at its best as a different investors including John Paulson took contrary postions while watching them drop in value until the ultimate collapse made them wealthy beyond imagination. While normal length, this book reads incredibly fast and does not bog down in trying to explain all of the entries of mortgage securitizations. I think it does an exceptional job of stating just enough about the instruments to give a good understanding to the reader allowing him to focus on the importance of "the greatest trade ever".
If you are to read one book about the crash, this would be it. I can't recommend this book higher.