The End of Wall Street's Boom

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.

... I had been waiting for the end of Wall Street. The outrageous bonuses, the slender returns to shareholders, the never-ending scandals, the bursting of the internet bubble, the crisis following the collapse of Long-Term Capital Management: Over and over again, the big Wall Street investment banks would be, in some narrow way, discredited. Yet they just kept on growing, along with the sums of money that they doled out to 26-year-olds to perform tasks of ... Full Story »

Posted by Kaizar Campwala
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Subjects: U.S., Business
Member Tags: wall street
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Posted by: Posted by Kaizar Campwala - Nov 12, 2008 - 10:09 AM PST
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Edited by: Fabrice Florin - Dec 29, 2008 - 1:34 PM PST

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Jack_dinkmeyer_thumb
4.5
by Jack Dinkmeyer - Nov. 12, 2008

Not really journalism, but a cliffhanger–except everyone knows what’s going to happen when the train reaches the cliff. We uninitiated Wall Streeters merely thought Wall Street insiders were crooks–unfortunately, this article shows something far worse and a lot more scary: Wall Street insiders are actually graspingly stupid. And we just gave these people 700 billion dollars.

After reading this article, what is going on with the bailout--or more accurately, what is not going on--is suddenly revealed. What bothers me is ... More »

See Full Review » (11 answers)
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4.5
by Kaizar Campwala - Nov. 14, 2008

Through an engaging narrative, Lewis explains how the mortgage crisis occurred. Very well sourced, excellent writing.

See Full Review » (12 answers)
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3.4
by Mike LaBonte - Nov. 15, 2008

The financial crisis told through stories of a handful of people in the financial world. Very long.

See Full Review » (11 answers)
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3.7
by Derek Hawkins - Nov. 12, 2008
See Full Review » (4 answers)
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4.5
by Stephen Pizzo - Nov. 14, 2008

An excellent analysis from a journalist who was also part of the story itself

Learning the difference between a healthy, sustainable economic expansion and a bubble seems to be something the world's No. 1 capitalist nation ... More »

See Full Review » (7 answers)
Silhouette_sml
4.9
by J. B. Van Wely - Nov. 12, 2008

Yes, although it reads like a novel. (The author actually indicates that it may end up as an update to his first book, "Liar's Poker") . A lot of it is not sourced, but it is written from personal experience and is very detailed.

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Silhouette_sml
4.3
by Amardeep Singh - Nov. 13, 2008
See Full Review » (5 answers)
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4.6
by Norman DeValliere - Nov. 12, 2008
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