Michael Lewis: "The Big Short"
http://thedianerehmshow.org/shows/2010-03-23/michael-lewis-big-short
![Arturo Di Modica's "Charging Bull" sculpture, Bowling Green Park, New York City. - Flickr user Carlos Octavio Uranga](http://thedianerehmshow.org/sites/thedianerehmshow.org/files/imagecache/620xH/images/headline/wall_street.jpg "Arturo Di Modica's "Charging Bull" sculpture, Bowling Green Park, New York City. - Flickr user Carlos Octavio Uranga")
Arturo Di Modica's "Charging Bull" sculpture, Bowling Green Park, New York City.
Flickr user Carlos Octavio Uranga
Journalist Michael Lewis reports on the contrarian investors who made enormous profits as the world's financial markets crashed.
Guests
Michael Lewis
best-selling author and journalist.
Comments
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I like hearing about people people who saw the financial collapse coming. One of the most vocal was Peter Schiff. I'm not sure if Mr. Lewis discusses him (I only caught a few minuets of the interview before class and I have yet to read his book). It would surprise me if he did not. Here are some of Mr. Schiff's appearances in which he talks about the coming crisis. http://www.youtube.com/watch?v=tZaHNeNgrcI
http://www.youtube.com/watch?v=jj8rMwdQf6k (in this one, he starts talking about the housing market about 25 minutes in)
Knowing what I know now, I love watching the reactions of the hosts and other guests.
As long as these people warned the gov't, before the crisis, I don't see why they can't profit from it. We the public counted on the gov't regulators to do their job competently to prevent this crisis and they failed. Maybe the gov't should consider contracting these people and get some help in making sure we're not headed for another cliff. I just don't understand why the people who failed to see this financial crisis is still in charge and given the job to solve this crisis and help to make rules to prevent the next crisis. It gives the phrase, "the blind leading the blind" and "banging your head against the wall" renewed meaning.