Michael Osinski, My Manhattan Project. How I helped build the bomb that blew up Wall Street: “I never would have thought, in my most extreme paranoid fantasies, that my software, and the others like it, would have enabled Wall Street to decimate the investments of everyone in my family. Not even the most jaded observer [...]
Entries Tagged as 'credit crisis'
My Manhattan Project. How I helped build the bomb that blew up Wall Street
April 1st, 2009
Tags: credit crisis · michael osinski · wall street
Wall Street on the Tundra
March 4th, 2009
“Demonstrators in front of Iceland’s parliament building, in Reykjavík’s Austurvollur Square, on January 31.” Michael Lewis in Vanity Fair, Wall Street on the Tundra: ““Yes,” he says with a smile, “there’s been a lot of Range Rovers catching fire lately.” Then he explains. For the past few years, some large number of Icelanders engaged in [...]
Tags: credit crisis · economy · iceland
Michael Lewis – The End
November 13th, 2008
‘The era that defined Wall Street is finally, officially over. Michael Lewis, who chronicled its excess in Liar’s Poker, returns to his old haunt to figure out what went wrong.’ Michael Lewis in Portfolio, The End: “To this day, the willingness of a Wall Street investment bank to pay me hundreds of thousands of dollars [...]
Tags: credit crisis · michael lewis · wall street
“Inflation will pay!”
October 27th, 2008
Kristof Magnusson, “Inflation will pay!”: “How did it come to this? The proverbial buck has already been passed round the ministerial departments and political parties – to varying degrees of amusement or dismay among the Icelandic population. But if you look deeper into Icelandic culture and history for reasons behind the current misery, you will [...]
Tags: credit crisis · economy · iceland
America the Banana Republic
October 11th, 2008
Christopher Hitchens in Vanity Fair: America the Banana Republic: “Another feature of a banana republic is the tendency for tribal and cultish elements to flourish at the expense of reason and good order. Did it not seem quite bizarre, as the first vote on the rescue of private greed by public money was being taken, [...]
Tags: christopher hitchens · credit crisis · usa