Wednesday, March 17, 2010

The Big Short

In the past two days I’ve seen the writer Michael Lewis on 60 Minutes and The Charlie Rose Show. His new book, The Big Short, is just out. Through the stories of three men, it chronicles the subprime mortgage debacle. Lewis was a Wall Street banker himself. You may have heard of his first book, Liar’s Poker.

Charlie Rose’s introduction went something along the lines of how Lewis had, nearly 30 years ago, told the story of Wall Street greed in that book. Well, at least he thought he had. His latest book may not be the last chapter, but it is the most recent.

A question put to Lewis was whether or not the big Wall Street banks will continue to draw the best and the brightest students, despite the stain that culture now carries with it. You can see Lewis’ answer here.

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