Wall Street's End Is Finally Here( very interesting)

http://www.businesssheet.com/2008/11/michael-lewis-wall-street-s-end-is-finally-here ^ | Michael Lewis

[BfloGuy]

Good post. Good read.

[Frantzie]

He is a very good writer. I did a paper in college 21 years ago on how derivatives (options/synthetic securities, etc) were very dangerous and how they might someday blow up the global financial system. I never thought it would actually happen.

[ventanax5]

http://www.portfolio.com/news-markets/national-news/portfolio/2008/11/11/The-End-of-Wall-Streets-Boom

[nina0113]

This looks like something that will interest you.

[SamKeck]

I remember Michael Lewis and his book Liar's Poker from the late 80s/early 90s when I was heavily involved in the securities trading business. This latest effort is a somewhat long piece, but is one well worth reading for anyone who wants to know about the real inside workings of the Wall Street Gangs.

Thank you for posting it.

[OneWingedShark]

>He is a very good writer. I did a paper in college 21 years ago on how derivatives (options/synthetic securities, etc) were very dangerous and how they might someday blow up the global financial system. I never thought it would actually happen.

Now’s your chance! SUE Wall-Street for plagiarizing your work! ;)

[Former Proud Canadian]

mark

[khnyny]

Hmm, Liar’s Poker bump.

[Steve Van Doorn]

bump to read later

[berdie]

later

[indthkr]

bump

[PapaBear3625]

Thank you. This is an absolutely fascinating article.

[shove_it]

bump

[Lurker]

We are so f'd.

L

[Notary Sojac]

Thanks. Great article

"Like power and water, finance should function as a utility serving the real economy. Instead, finance has grown so large that it is sucking the energy out of the real economy, destroying it."

[dr_lew]

What’s with the deviled egg?

[ishmac]

ping for later

[LegendHasIt]

Very interesting. I didn’t really understand about 1/3 of it, but a good read nonetheless.

I did think that it was missing one important dimension though; The political one. Seems to me that that has to be a major factor in what happened, but he barely brushes against it.

[JerseyHighlander]

I first found out about this author on FR sometime in 2005,

he had an earlier article in 2007 that’s worth reading:
http://www.nytimes.com/2007/08/26/magazine/26neworleans-t.html

August 26, 2007
In Nature’s Casino
By MICHAEL LEWIS