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.
Posts Tagged ‘Subprime’
“The Mansion: A Subprime Parable”
Conde Nast Portfolio Magazine (October 2008 issue)
When Michael Lewis and his family move into a house they can’t afford, he gets a taste of the new American nightmare.
Conde Nast Portfolio Magazine (March 2008 issue)
For years, investors have relied on a complex formula to manage risk. But what happens if the Black-Scholes model is wrong—and we’re in bigger trouble than ever?