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bulldown.jpgMichael Lewis, author of Liar's Poker, the accidentally timely tale of 1980s' Wall St excess, has written a fascinating article following up the story. 

I know by now we all know our credit default swaps from our collateralised debt obligations, but this is still worth a read if you're curious about how it all came about.

The overwhelming irony of the piece for me is that the people who recognised the screwed nature of the market bet against it, and thus supported it. Extraordinary. (illustration above by Ji Lee parodies this)


had to read this one slowly on the train home last week, the morning after Mogwai in Prague.

devilled eggs a new one to me, reminiscent though of coddled eggs, not literally but nostalgically!

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This page was published on November 23, 2008 4:03 PM.

The ID morass gets deeper. was the previous entry in this blog.

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