In the 80s, I was so taken with Michael Lewis' analysis of Wall Street and its greedy pirates that I gave a copy of his "Liar's poker" to all my direct collaborators. At one point in his carreer, Lewis was an ambitious and "successful" young Wall Street banker himself, so he perfectly knew what he was writing about.
The man who chronicled Wall Street's excesses in the eighties, now figures out what went wrong in his former haunt.
Read : http://www.portfolio.com/news-markets/national-news/portfolio/2008/11/11/The-End-of-Wall-Streets-Boom#page1.
I refer those who are too busy, or too lazy, to read the whole text, to a shorter, related article : See http://www.americanthinker.com/blog/2009/01/wall_street_had_built_a_doomsd.html.
By the way :
remains " a shrewd and wickedly funny" book.
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