Best ever explanation for Fiancial Meltdown

Written by Michael Lewis the author of Liars Poker

All You Need to Know About Why Things Fell Apart: Michael Lewis - Bloomberg

Either that's a joke article or the guy's a raving lunatic.

I think we, more or less, have a good idea of what and why it happened. The problem seems to be about how we are going to fix it.

VielGeld said:

Either that's a joke article or the guy's a raving lunatic.

Click to expand...

Clearly a "tongue in cheek" commentary. Tis a little bit of humour with more than
a smattering of fact.
The guy, Michael Lewis is one of the most lucid writers of the market
you will ever read. "Liars Poker" is a must read and very entertaining.
"Moneyball" is a movie based on his book. Haven't read the book but I'll
be seeing the movie this weekend.
He has the technical understanding along with human insight, that's what makes his
writing so readable.
An excellent example of what's wrong with America
California and Bust | Business | Vanity Fair

"...the most obvious such factor is women."

"They may have compelled the male risk takers to “show off for the ladies,” for instance, or perhaps they merely asked annoying questions and undermined the risk takers’ confidence"

Brilliant!!!