I just read Micheal Lewis' Boomerang, in which he covers the world-wide banking failures, etc. He was also the author of Blindside and The Big Short, which I have not yet read.
How reliable is this guy?
He has something for a reputation among financial experts for oversimplifying things to fit the narrative he wants to sell.
Example: http://www.nakedcapitalism.com/2010/03/debunking-michael-lewis-subprime-short-hagiography.html
He's not terrible, like certain writers on economics, who are definitely in the tank for Wall Street and will deny reality entirely to show just how devoted they are, but he's best read as supplementary to other, more rigorous and methodical sources
Quote from: Cain on March 19, 2012, 03:01:27 PM
He has something for a reputation among financial experts for oversimplifying things to fit the narrative he wants to sell.
Example: http://www.nakedcapitalism.com/2010/03/debunking-michael-lewis-subprime-short-hagiography.html
He's not terrible, like certain writers on economics, who are definitely in the tank for Wall Street and will deny reality entirely to show just how devoted they are, but he's best read as supplementary to other, more rigorous and methodical sources
Thank you. Incidentally, if you can get around to it, check out
Boomerang. The reason I was asking you is that he seems inclined to blame everyone, and it is very believable as he presents it.
I shall check out your link when I get home tonight, because the nannywall isn't wild about it.
It's got some good reviews on Amazon, too. A PD recommendation puts it over the edge, so now I'll have to get it on the Kindle.
God I love living in the future, where I can legally purchase and read a book in under a minute.