On Background: Who Buys Distressed Assets?

Fifteen years have passed since Michael Lewis published his defining work, Against the Rules: The Big Short Companion. In that time, the story of the 2008 financial crisis, first told in his best-selling book and later in an Oscar-winning film, has only grown more relevant. This audio companion, produced by Pushkin Industries, is not a simple retrospective. Instead, Lewis, joined by co-host Lidia Jean Kott, uses the anniversary as a starting point for a deeper investigation. They examine the enduring legacy of that seismic event-how its lessons were absorbed, ignored, or misunderstood in the worlds of business, culture, and even sports. Listeners are brought directly into conversations that feel both urgent and reflective, including Lewis catching up with the film's director, Adam McKay, and revisiting the real-life individuals whose stories fueled the original narrative. The result is a podcast that functions as a vital, living appendix to a modern classic, asking what we truly learned and how the rules of the game have-or haven't-changed since the house of cards came tumbling down. It’s an essential listen for anyone who wonders how the past continues to shape our present.