By the time the public learned of the 2008 U.S. stock market crash, it had been happening for more than a year. Author and journalist Michael Lewis sought out a relatively obscure handful of Wall Street hedge-fund managers – minor players even in their own companies – to answer the questions of who knew about the oncoming financial disaster and why they were unable, or unwilling, to stop it.
The result was The Big Short: Inside the Doomsday Machine, originally published in 2010. SMU has chosen Lewis’ work as the class of 2016’s first-year Common Reading Experience – the book every member of the Fall 2012 incoming class will read and discuss.
In an e-mail announcing the selection, Associate Provost Harold Stanley cited Lewis’ ability to “[weave] the stories of some lesser-known players in the financial crisis to illustrate … specific examples of corporate greed run amok as well as certain intrinsic ills of Wall Street in general.”
Since its beginning in 2004, the Common Reading Experience has brought SMU faculty, staff and new students together for an introduction to the intellectual experiences of college life. Incoming first-year students receive the Common Reading book during summer AARO sessions and discuss it at informal gatherings led by SMU faculty and staff members and student leaders at the beginning of the fall term.
– Kathleen Tibbetts