Michael Lewis and The Big Short
Few writers can better tell the stories that happen on Wall Street and beyond than Michael Lewis.
Now some 20 years after Lewis captured the greed and hubris of the 80’s in Liar’s Poker he’s back with a book that’s being called "The single best piece of financial journalism ever written."
In ‘The Big Short Inside: the Doomsday Machine’Lewis chronicles a handful of key players who got it right in the subprime mortgage market – and made billions.
Appearing on CNBC’s Power Lunch, Lewis says the more people learn about what really happened, the angrier they will be.
In an extended series of interviews Lewis talks in detail about what led up to the crisis, why Wall Street is still broken, the Goldman bubble, AIG’s "insane acts" and more.
MORE LEWIS: LIAR'S POKER-THE REUNION
In the second part of the interview with Michael Lewis author of the new book, The Big Short Inside the Doomsday Machine,’he talks about his experiences as a young bond salesman at Salomon Brothers during the 80's.
He made his story famous in his semi-autobiographical bestseller Liar's Poker.
One of the figures key to the story and to the firm is John Gutfreund, the then-CEO of the company.
Now 25 years later in this televised interview the two men meet for the first time and talk about the problems that still exist on Wall Street.
MORE LEWIS: BLINDED BY THE BLIND SIDE
Michael Lewis author of the new book, 'The Big Short Inside the Doomsday Machine,’ is known as one of the nation’s most gifted story tellers whether it be about the world of finances or the world of sports.