No one delves into capitalism like Michael Lewis, including us. From Liar's Poker, based on his experiences at Salomon Brothers, to Flash Boys, about which Bloodbath Mary Jo White at the Securities and Excuses Commission infamously felt compelled to respond with, "The markets are not rigged", Lewis has turned financial journalism into an art form, at which he may well be the sole master. Whether your tastes turn to Moneyball, his one-of-a-kind take on Billy Beane's revolutionary new-math approach to our National Pastime, or The Big Short: Inside the Doomsday Machine, a wrapt nuts-and-bolts look within the Wall Street/MainStreet mechanisms cranking out the Financial Holocaust of 2008, be assured, Lewis deftly delivers the real story in ways his reader will totally understand.
Recently we clicked onto the latest Lewis masterpiece, a short Vanity Fair piece entitled Beware of Greeks Bearing Bonds, anticipating a seminal work on the tragedy unfolding there, and the author did not let us down. We waited a while passing along the link to our valued subscribers because MacDougal came away from this tale with the following insight, but couldn't quite put it into words at first.
Readers, what we have here is the aftermath of liberal Chicago-style politics taken to a world-class extreme; read up and heed:
http://www.vanityfair.com/news/2010/10/greeks-bearing-bonds-201010
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