One view of the European debt crisis—the Greek street view—is that it is an elaborate attempt by the German government on behalf of its banks to get their money back without calling attention to what they are up to. The German government gives money to the European Union rescue fund so that it can give money to the Irish government so that the Irish government can give money to Irish banks so the Irish banks can repay their loans to the German banks. Instead, he returns to the running theme of the article, which might be evident if I excerpt a few words from here and there:. This is a dangerous exercise at the best of times, but in this case Lewis has gone way over the line.
In Meetings, On The Court To Discover 'Obama's Way'
Michael Lewis Vanity Fair Goldman Story
Discussing the Irish taxpayer, Lewis said he was surprised by how much the Irish have had to endure. The casual observer, as I was as I traveled through Ireland, was that the Irish actually enjoy suffering. It will be called something much more polite than that, like a restructuring. The journalist told Vanity Fair Daily that he found Irish people have a real interest in what the rest of the world is thinking. Speaking about the future of Irish politics, Lewis expects serious change over the coming years. This is a really different situation than the past Irish crises.
New Michael Lewis Story Makes Goldman Sachs Look Absolutely Ruthless
Michael Lewis was born in , in New Orleans. His father worked as a corporate lawyer and his mother was a community activist. He attended Princeton University, where he studied art history.
Last March, the author ignited a prolonged, heated dedbate about high-frequency trading, which uses sophisticated computer algorithms to execute orders in fractions of a second. Lewis profiled Brad Katsuyama and IEX, which developed a system that seeks to level the playing field for investors. In an essay for Vanity Fair , Lewis said the market's "invisible scalp" persists, even though regulators have taken action against several Wall Street institutions over the past year due to trading violations.