In the equally entertaining and terrifying Boomerang, Michael Lewis (author of Moneyball) travels from flash point to flash point of the global financial crisis and reports back on how the avalanche of cheap credit from 2002 to '08--"when nations were let into the dark room with a pile of money and asked what would they like to do with it"--affected each.
[The following text appears within a chart. Please see hardcopy or PDF for actual chart.]
GERMANY
$15 billion
Amount the German bank IKB lost on U.S. subprime loans
ICELAND
"[Imagine that] you have a dog, and I have a cat...
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