Archive for the ‘Finance’ Category

Beware of Greeks Bearing Bonds

Wednesday, September 15th, 2010

Michael Lewis’ latest article “Beware of Greeks Bearing Bonds” dives into the question about whether Greece will default and how it will affect global finance. Appears in the October 2010 issue of Vanity Fair.

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.

Goldman Trader Shares Three Big Ideas With Lloyd

Monday, February 22nd, 2010

ML’s latest satirical column on Bloomberg.

Each year, for example, Goldman Sachs might announce a grand national competition, much like “American Idol.” Finalists will appear before a national television audience to be judged by a panel of three  rather ordinary  looking Goldman executives. On stage they will perform various Wall Street tricks: negotiating with Tim Geithner, lobbying the Senate Banking Committee, designing securities that blow up, selling bonds to Germans, etc.

The winner receives a job at Goldman Sachs.

Terrence McNally interviews Michael Lewis

Monday, August 3rd, 2009

The Huffington Post‘s business writer Terrence McNally interviews Michael Lewis about Home Game and the financial crisis:

Audio:
Terrence McNally’s Podcast interview
– Also available on iTunes (55 min 39 sec)

Follow-up on Huffingpost.com:
Part 1:  The Rules of the Game Were Totally Screwed Up

Part 2:  There’s a Real Chance There’s Going to Be an Uprising

Bashing Goldman Sachs Is Simply a Game for Fools

Tuesday, July 28th, 2009

ML takes a jab at the almighty Goldman Sachs in his latest satirical column on Bloomberg. Tip of the hat to Matt Taibbi’s article in this month’s Rolling Stone about Goldman:

Rumor No. 5: Goldman Sachs is “a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money.”

Those words are of course taken from a recent issue of Rolling Stone magazine and they are transparently false.

For starters, the vampire squid doesn’t feed on human flesh. Ergo, no vampire squid would ever wrap itself around the face of humanity, except by accident. And nothing that happens at Goldman Sachs — nothing that Goldman Sachs thinks, nothing that Goldman Sachs feels, nothing that Goldman Sachs does –ever happens by accident.

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

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)