Take a tranquiulizer or a glass of wine, and then watch Michael Lewis on 60 Minutes.

[BrklynLiberal]

if your head does not explode over his revelations of Wall St and its stupidity and/or greed, you are not a live.

[RainDog]

1. kick. it's up now.

[malaise]

2. Watching

Thanks

[RainDog]

3. they should not exist. elegant form of theft. yep. n/t

[A-Long-Little-Doggie]

4. The wine did not help.

I still want to kick their fucking asses. :grr:

[RainDog]

5. even better than wine or a tranq - hummingbird egg watch

the link is on the front page here now.

the bird makes its nest in a rose bush.

[Ex Lurker]

6. warning: He's the guy who wrote The Blind Side

apparently that makes him suspect to some DUers

[BrklynLiberal]

7. He also wrote "Liar's Poker"

from Amazon.com

As described by Lewis, liar's pokeris a game played in idle moments by workers on Wall Street, the objective of which is to reward trickery and deceit. With this as a metaphor, Lewis describes his four years with the Wall Street firm Salomon Brothers, from his bizarre hiring through the training program to his years as a successful bond trader. Lewis illustrates how economic decisions made at the national level changed securities markets and made bonds the most lucrative game on the Street. His description of the firm's personalities and of the events from 1984 through the crash of October 1987 are vivid and memorable. Readers of Tom Wolfe's The Bonfire of the Vanities ( LJ 11/15/87) are likely to enjoy this personal memoir. BOMC and Fortune Book Club selection.
- Joseph Barth, U.S. Military Acad . Lib., West Point, N.Y.
Copyright 1989 Reed Business Information, Inc. --This text refers to the Hardcover edition.


about his latest book "The Big Short"

A brilliant account—character-rich and darkly humorous—of how the U.S. economy was driven over the cliff. Truth really is stranger than fiction. Who better than the author of the signature bestseller Liar’s Poker to explain how the event we were told was impossible—the free fall of the American economy—finally occurred; how the things that we wanted, like ridiculously easy money and greatly expanded home ownership, were vehicles for that crash; and how shareholder demand for profit forced investment executives to eat the forbidden fruit of toxic derivatives.

Michael Lewis’s splendid cast of characters includes villains, a few heroes, and a lot of people who look very, very foolish: high government officials, including the watchdogs; heads of major investment banks (some overlap here with previous category); perhaps even the face in your mirror. In this trenchant, raucous, irresistible narrative, Lewis writes of the goats and of the few who saw what the emperor was wearing, and gives them, most memorably, what they deserve. He proves yet again that he is the finest and funniest chronicler of our times. .

[jgraz]

8. Waddya mean "or"?

:D

[BrklynLiberal]

10. lololololol

[AngryAmish]

9. In the reviews I read, this is about the guys who shorted the US housing market

Are people mad at the guys who shorted the housing market? Why?

[BrklynLiberal]

11. Shorting means they made money when the housing market collapsed...

They bet on it collapsing...and in some cases helped it along.

[RainDog]

14. they also hyped the bad investments. sold them, shorted them. aka a CON GAME

that we are currently bailing them out for instead of throwing tomatoes at their heads as they sit in stocks in front of the capitol building.

...that last part is hyperbole for the totally literally-minded among us.

[BrklynLiberal]

15. What a fantastic idea!!!!!

"throwing tomatoes at their heads as they sit in stocks in front of the capitol building."


:thumbsup:

[graywarrior]

12. I watched that and my head did explode

[catzies]

13. He's on the Daily Show tonight too. n/t

[BrklynLiberal]

16. Thanks for the headsup...

[Bozita]

18. Charlie Rose tomorrow (Tuesday)

[Bozita]

17. The video is available for online viewing at CBS - Link...

http://www.cbsnews.com/sections/60minutes/main3415.shtml?tag=hdr;snav

[BrklynLiberal]

19. Thanks. I will be passing that along