Michael Lewis, author of Liar’s Poker wrote a followup article. Highlights include:
- How the reaction to his book differed from what he expected.
- How Steve Eisman discovered what a sham certain market creations were and how he profited off the fall
- A conversation with the former CEO of Solomon Brothers, who took it public, and was eventually ruined by Michael Lewis’s book
I might have more commentary later, but I’m interested in what my friends think. Please share below
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November 14, 2008 at 1:14 pm
The financial industry is a sham; no, that’s too kind. The finance sector is a parasite.
It’s just people pushing around paper and numbers creating absolutely no value living off the productivity of others. No better than a pyramid scheme.
November 14, 2008 at 5:55 pm
http://www.informationclearinghouse.info/article21210.htm