08/01/2010 05:12 am ET | Updated May 25, 2011

'The Big Short,' By Michael Lewis: Why Politicians Love This Bestseller

Politicians have been known to latch onto books -- Amity Shlaes's "The Forgotten Man" was a must-read among Republicans last year during the bailouts -- but few works have shaped a legislative debate quite like Lewis's story about investors who made a killing by betting on the housing crash.

For a lot of Democrats -- and even some Republicans -- the book has created a kind of defining counternarrative of the economic collapse.

And it's given Lewis rock star status among some on Capitol Hill.