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: Wall Street Law BlogAuthor Lewis explains Wall Street's willful blindness (plus Happy 2nd anniversary to Cayne, Ace and Alan Schwartz)
By Brett D. Sherman
Brett Sherman,
The Sherman Law Firm
Mission accomplished!
Master nonfiction writer Michael Lewis - author of Liar's Poker,
Money Ball (our favorite Lewis title), The Blindside, and other bestsellers -
has a brand new book on the financial crisis.
Mr. Lewis successfully tells the tale of the housing and credit meltdown with
his unique flair for using simple language to create a highly readable intriguing
and educational tale. Lewis' latest work is an original and important supplement to
the rapidly building library of high quality books on the meltdown.
On Sunday night, 60 Minutes ran a half hour segment on Lewis and
his new book.
Here is a quote from the piece that is typical of the Lewis style
(which we like a lot) -
"This was an episode where capitalism was almost destroyed,
just by the capitalists. And, in the most sensational way,
they were sort of destroyed by their own folly..."
For the interview, transcript and some worthwhile bonus features,
visit Sixty Minutes by clicking here.
----
HAPPY 2ND ANNIVERSARY BEAR STEARNS
Today is the two year anniversary of the Bear Stearns to JPM fire-sale!
Jimmy Cayne (pictured) and friends are still counting the money Bear Stearns
shareholders paid them for destroying the company and igniting the global
financial crisis.
Kind of warms the heart...
Full post as published by Wall Street Law Blog on March 16, 2010 (boomark / email).
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NYSE:STT
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