||887 of 922 people found the following review helpful.| The Financial Crisis Moves From the Private Sector to the Public Sector.|By AdamSmythe|I admit to being a fan of Michael Lewis' books, so take that into consideration as you read this review. Lewis earned a masters degree in economics from the London School of Economics and went to work as a bond trader for Salomon Brothers before its scandals. His education and investme||Lewis 's rare gift as a guide through the world of credit default swaps and sovereign debt doesn t come simply from his deep understanding of how the global financial system works . . . but also from his skill as a storyteller, his ability to tell the larger
As Pogo once said, "We have met the enemy and he is us." The tsunami of cheap credit that rolled across the planet between 2002 and 2008 was more than a simple financial phenomenon: it was temptation, offering entire societies the chance to reveal aspects of their characters they could not normally afford to indulge.
Icelanders wanted to stop fishing and become investment bankers. The Greeks wanted to turn their country into a piñata stuffed with ...
[PDF.eb04] Boomerang: Travels in the New Third World Rating: 3.71 (573 Votes)
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