Saturday, October 8, 2011

The Social Poets: Jon Stewart Interviews Boomerang Author Michael Lewis About Global Big Banks Disaster



The Social Poets: Jon Stewart Interviews Boomerang Author Michael Lewis About Global Big Banks Disaster: From Denny: This author decided to go on a walkabout. Actually, Michael Lewis went on a financial disaster tour of several European countries: Iceland, Ireland, Greece and Germany.

He wanted to view the global financial disaster through the prism of each culture and what a view he got. (He is also the author of Moneyball that was recently made into a movie.)

In Iceland he discovered that up until seven years ago the only way to make money in Iceland was fishing. But, seven years ago," the men literally walked off the fishing boats and walked into the banks deciding to become currency traders in a matter of days."
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