Faves for this Web page
Quoted: To this day, the willingness of a Wall Street investment bank to pay me hundreds of thousands of dollars to dispense investment advice to grownups remains a mystery to me.
- misaacs - Feb 16 2009 | wall street, business, investing $, expose, recession, depression, economy
Quoted: The era that defined Wall Street is finally, officially over. Michael Lewis, who chronicled its excess in Liar’s Poker, returns to his old haunt to figure out what went wrong.
- shadowpuppetmaster - Dec 11 2008 | the, and, of
the description from someone else of this article:
Quoted: Michael Lewis, author of Liars' Poker has written a long and bitingly sarcastic article about the few wise guys who
went into the current crisis short and about one (now unemployed) investment banker who helped to start it all.
[...] you will learn why bankers all round the world couldn't keep their hands out of the cookie jar, how they figured
out how to shift the risk to the stockholders (poor schmucks!), and why they were using low profile local retail banks
(Long Beach Savings and Loan ?!!) to sell mortgages to people who obviously couldn't make payments. The only
decent guy in the whole story is from Bakersfield CA. He is a monolingual Mexican field worker (strawberries) with an
annual income of $14,000 who suddenly found himself the owner of a $720,000 house." Quoted: The era that defined Wall Street is finally, officially over. Michael Lewis, who chronicled its excess in Liar’s Poker, returns to his old haunt to figure out what went wrong.
Quoted: To this day, the willingness of a Wall Street investment bank to pay me hundreds of thousands of dollars to dispense investment advice to grownups remains a mystery to me.
wow - outstanding wall street expose'. Put your cash under your matress, build a chicken coop and start a garden.
Ross, Latarian, and Dovetonsils you will love this.
Quoted: The arrangement bore the same relation to actual finance as fantasy football bears to the N.F.L. Eisman was perplexed in particular about why Wall Street firms would be coming to him and asking him to sell short. “What Lippman did, to his credit, was he came around several times to me and said, ‘Short this market,’ ” Eisman says. “In my entire life, I never saw a sell-side guy come in and say, ‘Short my market.’ ”
Quoted: Bookmark this on Delicious - Saved by to finance economics business wallstreet
Votes for this web page
Add a Fave for this Web page
- What happens when I press Publish?
- Your Fave for this Web page gets shared with the Faves community. You can access it at any time by selecting "My Faves" from the menu above.
- Why do you ask for my email address?
- We use your email address to create an account, so you can easily find your Fave again at a later time.
Related Content from Around Faves
news
-
Hm, I had no idea there was a huge toxic waste site in Washington state.
1 FaverViewed: 4 TimesQuoted: If you want to win the stimulus sweepstakes, it helps to have one of the planet's nastiest toxic waste sites in your back yard.
- talios - yesterday1 FaverViewed: 107 Times
- shiwani - 2 days ago1 FaverViewed: 5 Times
health
-
GBS is also a very rare side effect of the regular flu shot ... and in fact, health officials are saying they're seeing a surprisingly low percentage in swine flu shot recipients compared to what they see with the standard seasonal vaccination.
2 FaversViewed: 1 TimeQuoted: A 14-year-old Virginia boy is struggling to walk after coming down with a suspected case of Guillain-Barre syndrome within hours after receiving the H1N1 vaccine for swine flu. The cases raises anti-vaccine fears, but health officials see no link.
- shiwani - 25 days ago2 FaversViewed: 3 Times
- shiwani - 21 days ago2 FaversViewed: 18 Times