Chapter 10 and Epilogue Summary and Analysis

Chapter 10. Two Men in a Boat.

On March 14, 2008, Eisman was invited to make a speech at a meeting for Bear Sterns that was meant to support the quickly flagging Wall Street firm. During his speech, Bear Sterns' stock began to plummet, falling more than twenty points in the few minutes it took him to make his speech. A short time later, Bear Sterns failed and was quickly followed by Lehman Brothers.

On September 18, 2008, the face of Wall Street changed. Stock prices plummeted as Lehman Brothers was allowed to fail. One of Eisman's partners had a panic attack as he tried to keep his eye on the investments his fund had made in shorting the Wall Street banks, investments that were quickly making them a great deal of money, while worrying that Morgan Stanley, who owned a percentage...