Monday, 9 February 2009

'The End' by Michael Lewis: Sub-Prime Explained

If you click on the title above you'll find an article by Michael Lewis, the author of 'Liar's Poker' (a cracking read about Wall Street's bull market of the 1980s). This is the best article I've read about the sub-prime 'bezzle', as JK Galbraith would have described it.

The useful thing about it is that it explains quite technical issues through anecdote and lively first-person explanation. This is a trademark feature of Lewis, who can turn what appear to be quite dry subjects into, for want of a better description, human interest stories.

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