Michael Lewis, who chronicled the excesses of Wall Street in his 1989 book, Liar’s Poker, has written a piece for Portfolio.com on what went wrong in our financial system and the select group of people that saw it coming. It’s called “The End of Wall Street’s Boom” and is one of the best accounts of the financial melt-down that we’ve seen, and a pretty digestible read to boot.
In a program we held here at the Council in November, Liz Ann Sonders, Senior Vice President & Chief Investment Strategist at Charles Schwab & Co., Inc discussed this same topic – the US financial crisis – with a San Francisco bent. Watch here. Also, look for our upcoming program with Martin Wolf, described by former US Treasury Secretary Larry Summers as “the world’s preeminent financial journalist,” to explain what has happened to the global financial order and what can be done to avoid the shocks of global finance.