Showing posts with label Wall Street. Show all posts
Showing posts with label Wall Street. Show all posts

Wednesday, December 10, 2008

The end of Wall Street?

This is a very interesting article I came across about a month ago and it relates to the origins of the current financial crisis, namely some of the complexities behind mortgage backed securities and other derivatives. The author, Michael Lewis, also wrote the book 'Liar's Poker' in the late '80's which is great fun to read and very informative.

http://www.portfolio.com/news-markets/national-news/portfolio/2008/11/11/The-End-of-Wall-Streets-Boom?tid=true#page1