The CDO was, in effect, a credit laundering service for the residents of Lower Middle Class America. For Wall Street it was a machine that turned lead into gold.

Michael Lewis

Categorized in : America Class Wall

What's fun is watching actors of that calibre bring them to life. It's incredible. Christian Bale spent a day with the character he plays and after my year of being with him I couldn't have generated the same view of him. They have a different way of looking at people, it's fascinating to watch.

christian fun character

When an American declares bankruptcy, when he hits bottom, he can reinvent himself. There's a story he can tell. We tolerate reinvention. We encourage reinvention. That's what this country has that Europe does not. It's not just a crisis; it's an opportunity.

opportunity europe country

There's a certain status to suffering in Ireland, that the person who - if you're sitting around a table, the person with the greatest status is the person who had the most horrible thing happen to them most recently.

sitting tables suffering

The incentives are still rotten, and people are still paid to do things they shouldn't be doing. The reforms did not really address the incentives, the system is still dysfunctional and there are still behavioural issues that need to be addressed.

issues reform people

Icelandic people are inbred. And they have a sense of themselves as genetically special, and a history of risk-taking because they make their living on the high seas fishing. Assets generally rose in value during this period, and so it looked like they actually knew what they were doing.

fishing sea people

I didn't think one day something would happen that would bring me back to Wall Street to write what is essentially a sequel.

wall writing thinking

We have the Google family calendar. Before a week starts, my wife and I sit down to decide who's driving who to school or when can we go out on a date.

google wife school

Hollywood would much prefer the author be dead, so that they can buy the book and do what they want to do with it.

hollywood want book

If we want to achieve global climate targets then the U.S. has to take a key role and Obama is doing that now with the Clean Energy initiative that he has set up.

business

This is all about Sunni vs. Shia, Saudi vs. Iran. by Michael Lewis

This is all about Sunni vs. Shia, Saudi vs. Iran.

us

The Oakland clubhouse is a wonderful place. A lot of these guys feel like rejects. They were rejects and they feel - they can tell you how baseball screwed up.

feel place like you

We loved her so much and are in a kind of pain none of us has experienced, she loved Ross Schultz, with whom she died. She loved to live and our hearts are so broken they can't find the words to describe the feeling. Her mother, Tabitha Soren, and I, and her brother Walker and sister Quinn are going to find ways for her memory to live in her absence.

People look at ESG as a luxury and when recession hits it gets thrown out of the window, there's still going to be significant pressure on policymakers not to take their eye off the ball, because of the financial materiality of climate change.