Archive for the ‘Wall Street’ Category

Shorting Reform

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.

The Outsiders Who Foresaw The Subprime Crisis

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.”

60 Minutes: Inside the Collapse

Sunday, March 14th, 2010

Wall Street bonuses in the current climate are a “very elegant form of theft” former bond trader Michael Lewis tells Steve Kroft. 60 Minutes, Sunday, March 14 at 7 p.m. ET/PT.

Link to excerpt on CBS.com.

Link to part 1 and part 2 of the 60 Minutes episode on Hulu.com.

Betting on the Blind Side

Monday, March 8th, 2010

Vanity Fair is carrying an excerpt of The Big Short: Inside the Doomsday Machine by Michael Lewis, to be published this month by W. W. Norton; © 2010.

The Man Who Crashed The World

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

Marketplace interview – June 29, 2009

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.

Fareed Zakaria:GPS interview – June 7, 2009

Thursday, July 2nd, 2009

CNN’s Fareed Zakaria talks to ‘Liar’s Poker’ author Michael Lewis about the economic crisis and future of Wall Street.

Fareed Zakaria:GPS interview, June 7, 2009 (16 min 12 sec)

Wall Street on the Tundra

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.”

The End of the Financial World as We Know It

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

The End

Tuesday, November 11th, 2008

Conde Nast Portfolio Magazine (December 2008 issue)

The era that defined Wall Street is finally, officially over. Michael Lewis, who chronicled its excess in Liar’s Poker, returns to his old haunt to figure out what went wrong.

Link