Archive for the ‘Wall Street’ Category
Wednesday, June 2nd, 2010
Michael Lewis submitted this satiracal op-ed piece to the NY Times.
Shockingly, the Senate version of the bill more or less would require us to cease to trade derivatives entirely. This unpleasant idea was introduced by Senator Blanche Lincoln of Arkansas, and it leads me to a point that is worth underscoring: We do not have a problem with the American people, we have a problem with American women. Elizabeth Warren, our TARP supervisor, continues to ask questions about what we did with our government money; Mary Schapiro has used her authority at the S.E.C. to sue Goldman Sachs. Of the four Republican senators who crossed over to vote with the Democrats, two were women — and one of the guys posed naked for Cosmopolitan magazine.
Tags: Financial reform, Wall Street
Posted in Finance, Politics, Wall Street | No Comments »
Tuesday, March 16th, 2010
Michael Lewis and his new book The Big Short were profiled on NPR’s All Things Considered.
Link to story and audio [8m 59s]
“You have this body of facts out there in the financial world, and the vast majority of the people in that world are organizing the facts into one kind of picture — and it’s a pretty picture. And a handful of other people take the exact same facts, but they organize it into a different picture.”
Tags: All Things Considered, The Big Short
Posted in Finance, Wall Street | No Comments »
Thursday, July 2nd, 2009
August, 2009 Vanity Fair article investigating the implosion of A.I.G., Michael Lewis explains how one of the world’s safest insurers became a reckless juggernaut—and a national target.
Link to Vanity Fair article
Tags: A.I.G., AIG, credit default swaps, economic crisis, economy, Finance, Jake DeSantis, Joseph Cassano, Michael Lewis, Subprime, Vanity Fair
Posted in Finance, Subprime, Wall Street | No Comments »
Thursday, July 2nd, 2009
Michael Lewis, author of “Liar’s Poker,” talks with Kai Ryssdal about the end of Wall Street’s golden years and who and what he thinks are to blame for today’s fiscal calamity.
Marketplace interview, June 29, 2009
Now people don’t swallow the argument that Wall Street knows what it’s doing. People are, if anything, more skeptical than they should be about Wall Street. So that’s why I think it’s come to an end. That belief, the faith in Wall Street has collapsed.
Tags: Finance, Marketplace, Michael Lewis, Wall Street
Posted in Wall Street | No Comments »
Wednesday, March 4th, 2009
Vanity Fair (April 2009 edition)
Iceland’s de facto bankruptcy-its currency (the krona) is kaput, its debt is 850 percent of G.D.P., its people are hoarding food and cash and blowing up their new Range Rovers for the insurance-resulted from a stunning collective madness. What led a tiny fishing nation, population 300,000, to decide, around 2003, to re-invent itself as a global financial power? In Reykjavík, where men are men, and the women seem to have completely given up on them, the author follows the peculiarly Icelandic logic behind the meltdown.
link: Wall Street on the Tundra
And bonus quote:
“Yes, I know Björk,” a professor of finance at the University of Iceland says in reply to my question, in a weary tone. “She can’t sing, and I know her mother from childhood, and they were both crazy. That she is so well known outside of Iceland tells me more about the world than it does about Björk.”
Posted in Finance, Wall Street | No Comments »
Saturday, January 3rd, 2009
New York Times Op-Ed, with David Einhorn (January 3, 2009)
This is one reason the collapse of our financial system has inspired not merely a national but a global crisis of confidence. Good God, the world seems to be saying, if they don’t know what they are doing with money, who does?
Link
Tags: David Einhorn, Michael Lewis, New York Times, Wall Street
Posted in Finance, Opinion, Wall Street | No Comments »