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Re: A GOOD Read
I second the recommendation. It is an especially enjoyable read. For those of you who won't follow one of Mega's links without some idea what's on the other side, this is an article about various personalities from inside Wall Street who were skeptical about Wall Street. That said, I don't think you'll find any economic or investment insights in the piece -- it is mostly just for fun.Originally posted by Mega View Post -
Re: A GOOD Read
Originally posted by Mega View Post
A great read, really. Michael Lewis is a fantastic writer.Comment
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Re: A GOOD Read
Excellent insight into the shenanigans of Wall Street.Originally posted by Mega View PostComment
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Re: A GOOD Read
Christ, normally you're Mr. Hyperbole, but you understated this time. That was a GREAT read. Thanks.Outside of a dog, a book is man's best friend. Inside of a dog, it's too dark to read. -GrouchoComment
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Re: A GOOD Read
Great find Mega. Thanks!Comment
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Re: A GOOD Read
Thanks Mike! Absolutely must read for anyone that hasn't yet. Problem is I know there are a hundred or more guys like this that are scheming the bailouts and coming crash, and odds are the Treasury just hired a bunch of them. We're screwed, but I guess we already knew that.Comment
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Re: A GOOD Read
How close are we to the bottom?
Wave 1 - denial of damage already done
Wave 3 - Market reports lead every newscast (check)
- Congressional investigations (check)
- Bailouts (check)
- More bailouts (check)
- Michael Lewis "Tell all storoy"
- Mass firings, few suicides
- Even more bailouts
Wave 5 - 60 Minutes "Tell all"
- Movie
- next "Sarbanes-Oxley"
- new HGTV series "Bond-Trader"
- currency controls
(need help with the rest)Comment
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Re: A GOOD Read
they should license & play "The End" by the Doors as backround.
Even a crappy MIDI version would be good.
Or "Taboo" by Nusrat Fatih Ali Khan, track 14 on Natural Born Killers I think.Comment
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Re: A GOOD Read
Awesome read. I like how he descibes eisman's journey of learning how rooted wall st was. I don't think anyone ever learns the full extent, its too big a monster! I agree with the sentiments executive or trader renumeration is at the heart of the debacle; this is where the regulation has to be; let the outcome of the excesses be proof that no-one is worth that kind of money.Comment
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Re: A GOOD Read
Great story. Thanks~Comment
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Re: A GOOD Read
"update"
http://www.bloomberg.com/apps/news?p...d=aKn.A9dgoN8k
If you want to hear Michael Lewis I posted a link to an interview with him about his great book "Moneyball"
http://itulip.com/forums/showthread....urce#post32164
And another related Michael Lewis article
http://itulip.com/forums/showthread....lewis#post9257
In case bloomberg moves this current one I pointed to somewhere un-findable,
Nov. 17 (Bloomberg) --
To: Henry Paulson
From: Michael Lewis
Re: My TARP Funding
Dear Secretary Paulson:
First, allow me to explain that unfortunate incident the other morning in the Treasury men’s room. I failed to observe best practices.
Faced with a dozen empty urinals one should always put some space between oneself and a lone urinator. I took my place right beside you only because I hold you and everything you do in such high regard. If my whispered praise and steady gaze made you as uncomfortable as you appeared to be, I take full responsibility.
Now, on to the business at hand. In our brief exchange you asked a very good question: Who do I think I am, sneaking into the Treasury and asking you for $5 billion?
Other People’s Money
The short answer: an American businessman. Obviously, I’m not unique. Looking around I see many of my former fellow champions of laissez-faire -- everyone from boat dealers to bond insurers -- traveling to Washington to ask for their government’s assistance. Most of these people aren’t worthy of other people’s money, much less your precious time.
EDIT: shouldn't have included the whole thing ... <... cut ... >
So finally let me say my request to you comes not out of greed but patriotism. I ask not what my country can do for me, but for what my country can lend to me.
(Michael Lewis, author of “Liar’s Poker,” “Moneyball,” and “The Blind Side,” is a columnist for Bloomberg News. The opinions he expresses are his own.)
To contact the writer of this column: Michael Lewis at mlewis1@bloomberg.net
Last Updated: November 17, 2008 00:03 ESTLast edited by Spartacus; November 18, 2008, 05:57 PM.Comment
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Re: A GOOD Read
^^^^^
Has Lewis been reading Finster? :eek:
Comment
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