End of Wall Street’s Boom

November 29, 2008

Michael Lewis, author of best-selling Moneyball and Liar’s Poker, does it again in the financial story. This time, it’s a nine-page piece published in Portfolio magazine in December. His chilling telling of Wall Street money runners slowly reveals the full meaning and ramifications of their “smart” move to short-sell CDOs and explains the corrupt practices that led to our current financial situation. And it all directly links back to one man’s decision to bring an investment bank public for the first time.


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