I recently read the book “Liar’s Poker” by Michael Lewis, about Wall Street in the 1980s. I’m not sure what prompted me to pick it up from the library: I’d heard of it several times before, and maybe the current financial mess made it apparent that revisiting some of the excess that got the ball rolling was in order. Surprisingly, I did find a significant connection between that time period and today, enough so that it wouldn’t be inaccurate to argue that the recent financial collapse was the direct consequence of actions set into motion 30 years ago.

Read the rest of this entry »

• Current Mood: Decrepit