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SimoleonSense (Free subscription) | yesterday
Besides the Aleph Blog I haven’t found any indepth pieces on AIG . Luckily, I just found this one and I recommend reading it. Enjoy! Introduction (Via Vanity Fair) Almost a year after AIG’s collapse despite a tidal wave of outrage, there still has been no clear explanation of waht toppled the insurance giant. Michael Lewis deideds [...]
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naked capitalism (Free subscription) | 07/04/2009
Michael Lewis has a generally very good piece in Vanity Fair on the AIG Financial Products mess, filing in some bits that were missing from the equation. He does go a bit overboard in saying nice things about Jake DeSantis, the man who wrote the New York Times " Dear AIG: I Quit! " op ed. To me, it was another case of Wall Street, and its co-conspirators not getting it. Anyone in a normal...
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naked capitalism (Free subscription) | 10 hours ago
In case you haven't figured it out, Ed's post on Sweden highlights an important and troubling development. It seems that central banks have locked themselves into "if the only tool you have is a hammer, every problem looks like a nail" behavior with the move to negative rates. Since they are best able to dispense liquidity, well, it is liquidity you will get. The assumption, as has become...
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From On High (Free subscription) | 15 hours ago
Filling a sorely needed niche? Guess we'll find out: Computer shop to open in Rocky Gap Jeffrey Simmons, Bland County Messenger Bland County’s first computer shop is expected to open July 1 in Rocky Gap. The new business will be owned and operated by brothers Michael Lewis and Brady Lewis. The Computer Shop will be located in the building across from the Rocky Gap Elementary School. The shop...
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Capital Observer (Free subscription) | yesterday
This Vanity Fair article by Michael Lewis gives an excellent explanation for what may have happened at AIG. vf article
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Pacific Views (Free subscription) | yesterday
Matt Taibbi has a blockbuster of a piece in RollingStone on the part that Goldman Sachs had in creating the economic disaster the world faces today. Excepts of the piece as well as some clips of Taibbi have been published, but for the full piece one needs to buy the magazine. (Not a bad suggestion, because this clearly is a way to help keep RS going.) How did Goldman Sachs respond to the piece? They...
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Meditation Photography (Free subscription) | 07/04/2009
Agency: TBWA, Paris Creative Director: Erik Vervroegen Copywriter: Veronique sels, Daniel Perez Art Director: Ingrid Varetz, Javier Rodriguez Photographer: Michael Lewis 2009 Suresh Gundappa Why Imitate? Why Copy? You are so special that there is nobody like you, you are unique and there is nobody out there like you. Except you, everybody else is taken, This universe is special because of [...]
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The Big Picture (Free subscription) | 07/03/2009
« » By Guest Author - July 3rd, 2009, 11:53AM One Response to “Michael Lewis: The Man Who Crashed the World” Says: [...] « Paul Krugman on Charlie Rose Michael Lewis: The Man Who Crashed the World [...]Leave a ReplyYou must be to post a comment.Get The Big Picture by Email "Money often cost too much." —Ralph Waldo Emerson Macro NotesPeter BoockvarInitial...
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The Guardian (Free subscription) | 07/03/2009
The baseball movie which would have reunited Steven Soderbergh with his Ocean's star Brad Pitt is cancelled five days before its scheduled start date Brad Pitt became an unlikely victim of the economic downturn this week when his latest movie, the baseball drama Moneyball , was cancelled just five days before shooting was set to begin. Original backer Sony Pictures has now put the production into...
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kottke (Free subscription) | 07/03/2009
The combination of Pitt and Soderbergh and Lewis wasn't enough to keep the Moneyball movie afloat... Sony canceled it "days before shooting was to begin" . Accounts from more than a dozen people involved with the film, who spoke on the condition of anonymity to avoid damaging professional relationships, described a process in which the heady rush toward production was halted by a studio...
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Metroblogging San Francisco (Free subscription) | 07/02/2009
The film of the Michael Lewis book Moneyball, which is about the machinations of Oakland A’s general manager Billy Beane, has been cancelled just days before shooting was to begin. The New York Times reported that the cancellation is a sign of a new level of nervousness in Hollywood; in this case even the casting [...]
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SeekingAlpha.com (Free subscription) | 07/02/2009
Felix Salmon submits: Michael Lewis is back in Vanity Fair , with a really good article about Joseph Cassano and AIG Financial Products. Or half of a really good article, at any rate — the second half of the story is fantastic, and gives by far the best English-language account of what happened at FP and how Cassano, by commission and omission, enabled it. (The piece isn’t online, just...
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Market Pipeline (Free subscription) | 07/02/2009
Teaser posted on Vanity Fair of an article by Michael Lewis : Is it really possible for one man to precipitate a global economic catastrophe? In the August 2009 issue of Vanity Fair, contributing editor Michael Lewis, one of the most insightful Wall Street critics writing today, investigates the central role of A.I.G.’s Financial Products division in the subprime-mortgage and financial crises...
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The New York Observer (Free subscription) | 07/02/2009
Sometimes watching how Hollywood studios operate is more entertaining than the movies they produce. Case in point: Moneyball . For those of you haven’t been following the chaos surrounding the now-dead adaptation of Michael Lewis’s non-fiction baseball bestseller: Steven Soderbergh and Brad Pitt were all set to make this film for Sony Pictures—with a budget of around $57 million—when,...
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Talking Biz News (Free subscription) | 07/02/2009
Noted business writer Michael Lewis, who won a Loeb Award earlier this week for best feature writing, stopped by the Motley Fool offices earlier this week and gave his opinion on the financial crisis, including the reporting and writing. Jennifer Schonberger writes, “The golden age of finance may be taking a breather, but for financial journalism, [...]
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