Porcupyn's Blog

March 14, 2010

The Big Short

Filed under: Finance — Porcupyn @ 6:53 pm

Growing up in India, I remember listening to the commentator(s), towards the end of really close cricket matches, requesting folks with heart conditions to switch off their receivers so they don’t get a heart attack. Well, a similar warning is in order now.

Don’t be deceived. This “short” is really BIG! It is a book by Michael Lewis that documents how Wall Street fleeced Main Street, is fleecing Main Street (with the help of their insiders in Washington) and will continue fleecing Main Street. CBS’s 60 Minutes today featured an interview with Lewis – in keeping with the traditions of those cricket commentators of a generation ago, I feel the need to warn folks with high blood pressure and/or anger management issues to stay away from the program and also from Lewis’ book: The Big Short. Just watching the interview makes the blood boil! I end this post with the first comment that I read, in response to a blog post that links to the above review, and got to agree with:

Part of me wants to read this book (or at least pile it up on my already overladen nightstand), and the other part of me (like my spleen) just d@mn doesn’t want to. The reason is because no matter how long and how loud and how widespread our ranting may be about this subject matter, it appears that there ain’t nuttin’ gonna be done about it and nuttin’ will change.

Anybody got the cojones to do that “revolution” stuff we’ve all read about in school (yet, not in Texas)?


[Updated] For those who want to watch the episode anyway:

Part 1

Part 2

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