I'm most of the way through Michael Lewis' The Big Short, possibly one of the most depressing books I've read in a while. The focus is the greed, stupidity and duplicity of Wall Street and their handling of the sub-prime market and the handful of people who saw the crash coming and rather than try and stop it, put billion dollar bets on it happening. Casino capitalism at work. There's a reason for financial regulation and oversight and this book spells out why.My posts this week:
More for the pile
'I do bad things but I'm not a bad man'
Review of the Planning and Development (Amendment) Act 2010
Review of A Beautiful Place to Die by Malla Nunn
How to regress Irish universities and the smart economy
Review of The Main by Trevanian
1 comment:
There is certainly a reason for regulation but that doesn't mean any is forthcoming. We live in strange times.
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