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by foomarks 5870 days ago
I started reading this too, and did some tangential reading along the way.

I'd hate to be in the same room as 2010 Lewis and 2007 Lewis:

"But the most striking thing about the growing derivatives markets is the stability that has come with them. More than eight years ago, after Long-Term Capital Management blew up and lost a few billion dollars, the Federal Reserve had to be wheeled in to save capitalism as we know it." http://bit.ly/cg9H6w

Also this fun one from Janet Tavakoli:

"I was in the Salomon Brothers' 1985 training class that Michael Lewis lampooned in his amusing book, Liar's Poker. Imagine my surprise to see him billed as a trader on 60 Minutes, since he was actually a junior salesman. Well-heeled male peacocks strutted the trading floor, and junior salesmen were girlie-men, mere eunuchs serving their pashas." http://huff.to/9pclUR

1 comments

I've seen both Lewis and Tavakoli on C-SPAN's Q&A recently. Lewis seemed to be trying to be funny, but I found Tavakoli more interesting. And I think Brian Lamb did try to wind up Lewis by mentioning that remark from JT, but I can't recall now how he responded.

JT: http://www.youtube.com/watch?v=WA20Am0pwtA ML: http://www.youtube.com/watch?v=x387_k963yY