The End

Michael Lewis, one of my favorite authors, takes a look at the progression of Wall Street from when he wrote Liar's Poker in 1989 to end of Wall Street as we know it, delving into the world of leverage, credit default swaps, and CDOs.

Michael Lewis writes:

I thought I was writing a period piece about the 1980s in America. Not for a moment did I suspect that the financial 1980s would last two full decades longer or that the difference in degree between Wall Street and ordinary life would swell into a difference in kind.

The article is, in my opinion, a must read.

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