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‘The Big Short’……Michael Lewis on the Jon Stewart show……about the people that made money on the financial crisis

Michael Lewis

Michael Lewis came on “The Daily Show” last night to talk about his new book, “The Big Short,” about the few investors who bet against subprime loans in 2005, predicting the financial meltdown, and were able to make money off of it. The book highlights one of these investors, a man named Mike Burry, who has a glass eye and Asperger’s syndrome but was still smarter than the rest of Wall Street.

These bets against the market, Lewis said, are important because they are “the only incentive in the system to bring bad news into the system” — most Wall Street investors had “forgotten” that they’d rigged the market, and couldn’t let themselves believe that something catastrophic was going to happen.

The link..……

from the piece…..

‘If you tell a lie long enough…you begin to believe it……..’

‘If the thing you are doing is wrong…you keep going’…….

‘The financial system works when the people who are dicks…are smart’…..

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March 17, 2010 Posted by | Counterpoints, Entertainment, Government, Media, Men, Other Things, Political Satire, PoliticalDog Calls, Politics, The Economy | , , , , | Leave a comment

'The Big Short'……Michael Lewis on the Jon Stewart show……about the people that made money on the financial crisis

Michael Lewis

Michael Lewis came on “The Daily Show” last night to talk about his new book, “The Big Short,” about the few investors who bet against subprime loans in 2005, predicting the financial meltdown, and were able to make money off of it. The book highlights one of these investors, a man named Mike Burry, who has a glass eye and Asperger’s syndrome but was still smarter than the rest of Wall Street.

These bets against the market, Lewis said, are important because they are “the only incentive in the system to bring bad news into the system” — most Wall Street investors had “forgotten” that they’d rigged the market, and couldn’t let themselves believe that something catastrophic was going to happen.

The link..……

from the piece…..

‘If you tell a lie long enough…you begin to believe it……..’

‘If the thing you are doing is wrong…you keep going’…….

‘The financial system works when the people who are dicks…are smart’…..

March 17, 2010 Posted by | Counterpoints, Entertainment, Government, Media, Men, Other Things, Political Satire, PoliticalDog Calls, Politics, The Economy | , , , , | Leave a comment