Friday, November 28, 2008

Michael Lewis does a great job describing The End

Michael Lewis, the author of the 1980s Liar's Poker writes about the The End of Wall Street's Boom.

The article covers the mortgage crisis, ill-prepared CEOs, screwing the client ethics, and recent bygone days of the investment bank.

Its quite amazing that we accept that wild, untrained cowboys run the market and yet we just keep giving them loaded weapons.

(And this comes from a lowly cowpoke.)


Tuesday, November 11, 2008