Posts Tagged ‘The Big Short’

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    Blowing Bubbles

    Jul 17, 10 • 175 Views • Economic History, Financial MarketsNo Comments

    In The Big Short, Michael Lewis explains the subprime bubble mentality through a quote about CNBC media coverage. “…they weren’t in touch with reality anymore. If something negative happened, they’d spin it positive. If something

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    Michael Lewis and the U.S. Congress

    Jun 4, 10 • 154 Views • Economic History, Financial Markets, RegulationNo Comments

    The Big Short by Michael Lewis (who also wrote The Blind Side) is a “hot read” on Capital Hill. Senate Majority Whip Dick Durbin (D-Ill) recommended it. Chris Dodd (D-CT) referred to it during a speech on Fannie and Freddie. And,