By Michael Lewis
Description:
The tsunami of cheap credit that rolled across the planet between 2002 and 2008 was more than a simple financial phenomenon: it was temptation, offering entire societies the chance to reveal aspects of their characters they could not normally afford to indulge.
Icelanders wanted to stop fishing and become investment bankers. The Greeks wanted to turn their country into a piñata stuffed with cash and allow as many citizens as possible to take a whack at it. The Germans wanted to be even more German; the Irish wanted to stop being Irish.
Michael Lewis's investigation of bubbles beyond our shores is so brilliantly, sadly hilarious that it leads the American reader to a comfortable complacency: oh, those foolish foreigners. But when he turns a merciless eye on California and Washington, DC, we see that the narrative is a trap baited with humor, and we understand the reckoning that awaits the greatest and greediest of debtor nations.
Rating:
Review:
There is a reason they put Michael Lewis' name really big on the cover of this book. That is the reason you are going to buy this book and possibly talk to people about it. You will not buy this book because it is a good book. What happened Michael Lewis? You had such a winner in Moneyball and than you deliver us this deeply boring book. Lewis likes to write about money and that is the only reason this book made it into circulation...money. Don't read it and if you don't heed my warning and do read it, don't buy it. That was my only savings grace. I got this at the library, so Lewis didn't make any money off of me.
Description:
The tsunami of cheap credit that rolled across the planet between 2002 and 2008 was more than a simple financial phenomenon: it was temptation, offering entire societies the chance to reveal aspects of their characters they could not normally afford to indulge.
Icelanders wanted to stop fishing and become investment bankers. The Greeks wanted to turn their country into a piñata stuffed with cash and allow as many citizens as possible to take a whack at it. The Germans wanted to be even more German; the Irish wanted to stop being Irish.
Michael Lewis's investigation of bubbles beyond our shores is so brilliantly, sadly hilarious that it leads the American reader to a comfortable complacency: oh, those foolish foreigners. But when he turns a merciless eye on California and Washington, DC, we see that the narrative is a trap baited with humor, and we understand the reckoning that awaits the greatest and greediest of debtor nations.
Rating:
Review:
There is a reason they put Michael Lewis' name really big on the cover of this book. That is the reason you are going to buy this book and possibly talk to people about it. You will not buy this book because it is a good book. What happened Michael Lewis? You had such a winner in Moneyball and than you deliver us this deeply boring book. Lewis likes to write about money and that is the only reason this book made it into circulation...money. Don't read it and if you don't heed my warning and do read it, don't buy it. That was my only savings grace. I got this at the library, so Lewis didn't make any money off of me.
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