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Michael Lewis

People Didn't Drown The Markets; A Bad System Did

Foreign Policy | Posted 05.25.2011 | Business

The temptation is to see the 2008 Wall Street implosion that helped trigger the broader economic crisis as the consequence of individual idiocy and av...

'The Blind Side' Inspiration Michael Oher To Write His Own Book

AP | Posted 05.25.2011 | Books

NEW YORK — The football star whose life inspired the book and movie "The Blind Side" is now telling his own story. Gotham Books announced Monda...

Whose Moral Hazard Is It Now?

Kathleen Reardon | Posted 05.25.2011 | Business
Kathleen Reardon

Despite the recent shot across the bow of Goldman Sachs, you have to wonder how far the Obama administration and leading Democrats are willing to take this. Experts say: not far.

If Brad Pitt Is Really Thinking Oil Spill Movie, Lewis Should Write It

Karen Dalton-Beninato | Posted 05.25.2011 | Entertainment
Karen Dalton-Beninato

Since Pitt is set to star in an adaptation of New Orleans author Michael Lewis' Moneyball, it's possible Lewis would be the author of choice for a movie about the oil leak.

Michael Lewis: Goldman Sachs SEC Fraud Case Means 'Bond Market Will Never Be The Same' | Michael Lewis | Posted 05.25.2011 | Business

If you happen to be sitting on the Goldman Sachs bond-trading floor life must feel horribly unfair. You did nothing worse than live by the ethical as...

Baseball and Business

James Elbaor | Posted 05.25.2011 | Books
James Elbaor

The 'metrics' used by nonprofits can help large corporations reassess what is important to the their success and lead to different business practices, similar to the shift to a metric focus in baseball.

SEC Probes Goldman Sachs for Investor Fraud but Ignores Widespread Racially Discriminatory Practices

John A. Powell | Posted 05.25.2011 | Politics
John A. Powell

Until the government does a better job of encouraging sustainable and appropriate banking services and credit options to neighborhoods of color, this crisis is not anywhere near over.

Goldman Sachs in Troubled Waters

Georges Ugeux | Posted 05.25.2011 | Business
Georges Ugeux

Wall Street has long forgotten how to spell "ethical" or "good," and replaced it with "compliant" and "legal." The time has come to explain to investment banks what their responsibility and accountability are.

James Kwak: The Problem is Bank-o-cracy (AUDIO)

Christopher Lydon | Posted 05.25.2011 | Politics
Christopher Lydon

James Kwak extends Michael Lewis's point and feeds my fascination with apocalyptic hysteria and helpless torpor as the twin markers of American politi...

Michael Lewis' Big Short and Our Appetite for Apocalypse (AUDIO)

Christopher Lydon | Posted 05.25.2011 | Politics
Christopher Lydon

Michael Lewis is the non-fiction novelist of our apocalyptic American mindset in 2010 and the author of The Big Short. Listen to an interview here.

New York Times Does Not Understand Main Street

Don McNay | Posted 05.25.2011 | Media
Don McNay

Reporting that Main Street was complicit in the financial meltdown is like blaming a murder victim for being in the wrong place at the wrong time.

House Republican Book Club: Michael Lewis Claims GOP Lawmakers Shockingly Uninformed About Financial Crisis

Huffington Post | Marcus Baram | Posted 05.25.2011 | Books

This story has been updated Michael Lewis, the celebrated author of "The Big Short," claims that about 40 or 50 House Republicans skipped a hearing b...

Michael Lewis and That "Republican Book Club"

Douglas MacKinnon | Posted 05.25.2011 | Books
Douglas MacKinnon

For ultra-wealthy liberals like Michael Lewis and Graydon Carter, it's an accepted fact that not only can't Republicans read, but they burn books as sport.

9/11, Financial Crisis, Church Sex Scandal? Imagine That!

Michael Sigman | Posted 05.25.2011 | Politics
Michael Sigman

I'm sure there are plenty of unimaginable things in the Universe, though it's impossible to imagine what they are. But flying a plane into a building, the crash of a financial system and sex abuse by priests, we can safely say, aren't among them.

Tea Party Rhetoric or Amazon Review?

Laurence Hughes | Posted 05.25.2011 | Books
Laurence Hughes

A donnybrook has broken out between Kindle owners, angry that there's no e-book for Michael Lewis's The Big Short, and others taking them to task for "reviewing" a book they haven't read.

Michael Lewis's 'The Big Short' Gets Up Close And Personal With Perpetrators Of Financial Catastrophe

Posted 05.25.2011 | Books

Jeff Madrick The New York Review of Books At the Heart of the Crash "The Big Short: Inside the Doomsday Machine" by Michael Lewis Norton, 266 pp., $...

Talking Sex, Money, Politics and Tennessee Williams at Lit Festival

Karen Dalton-Beninato | Posted 05.25.2011 | Books
Karen Dalton-Beninato

Tennessee Williams New Orleans Literary Festival speakers touched on everything from Jesse James to the Tea Party Patriots. Here are moments from my first day at the festival.

Debunking Michael Lewis' The Big Short

Yves Smith | Posted 05.25.2011 | Business
Yves Smith

The shortcomings of Lewis' superficially pleasing work is that it runs the risk of fitting facts to the Procrustean bed of a tidy, satisfying narrative.

Magic and Self-Loathing in Berkeley: Michael Lewis on Becoming a Writer

Alicia Whitaker | Posted 05.25.2011 | Books
Alicia Whitaker

Speaking over lunch in a Midtown bistro, Michael Lewis and I had a conversation about how he became a writer, who has influenced him, and how he conjures the motivation to write.

Five Lessons on Rightness From Michael Lewis's The Big Short

Kathryn Schulz | Posted 05.25.2011 | Books
Kathryn Schulz

Herewith, a brief list of the qualities that enabled the guys in The Big Short to foresee the coming financial calamity -- and that can help the rest of us get stuff right, too.

Author Michael Lewis Predicts War on Wall Street

Reuters | Posted 05.25.2011 | Business

Wall Street's biggest banks could be broken up by the U.S. Congress in the coming year in an eventual reckoning over the financial meltdown of 2008, "...

Jon Stewart Interviews 'The Big Short' Author Michael Lewis: How A One-Eyed Man Bet Against Wall Street (VIDEO)

Posted 05.25.2011 | Books

Michael Lewis came on "The Daily Show" last night to talk about his new book, "The Big Short," about the few investors who bet against subprime loans ...

The CDOs That Destroyed AIG: The Big Short Doesn't Quite Reveal What They Knew and When They Knew It

David Fiderer | Posted 05.25.2011 | Business
David Fiderer

It's been eighteen months since AIG collapsed, and Congress has yet to seriously focus on the most important questions: What did they know and when did they know it?

Michael Lewis: Junior Salesgirlieman

Janet Tavakoli | Posted 05.25.2011 | Business
Janet Tavakoli

It takes courage to tell the real story of this financial crash and recession. This is actually a story of Wall Street's massive, wide-spread, multi-year fraud, including accounting fraud.

Book Review Roundup

Posted 05.25.2011 | Books

Miss any of the big book reviews this weekend? Check out some highlights below. "The Big Short," Michael Lewis The New York Times No one writes with...