Who hasn’t seen the news? The SEC accused Goldman Sachs of fraud, alleging it misrepresented an Abacus CDO. Banks lost $1 billion on the trade. And John Paulson, one of the gods of Greenwich, pocketed that $1 billion through his fund. Here’s what I...
Michael Lewis has done it again. The Big Short is a must read, even if you don’t know anything about finance. With his trademark ability to identify unlikely heroes, he chronicles the lives of people who bet against subprime mortgages. The prose is lucid. The...
For Bankers, Saying ‘Sorry’ Has Its Perils As a kid and Air Force brat, I didn’t like Catch-22 much. The novel, while laugh-out-loud funny, speared the military and hit too close to home. As a blogger and novelist, however, I admire Joseph Heller’s writing...
Obama Weighs Tax on Banks to Cut Deficit Wall Street’s public relations are a train wreck. I have no prior experience in corporate communications. But here’s my action plan to clean up the mess: CEOs, fire your PR people. They suck. Shut up, Lloyd, about...
New York’s Resolutions This morning, The New York Times reported New Year’s resolutions from a few prominent New Yorkers. Here’s what Eliot Spitzer had to say: I would love to see investment bankers actually do God’s work. Do we have any idea what...
The New York Times describes my novels as “money porn,” “a red-hot franchise,” and “glittery thrillers about fiscal malfeasance.” Through fiction I explore the dark side of money and the motivations of those who have it, want more, and will steamroll anybody who gets in their way.
The New York Times describes my novels as “money porn,” “a red-hot franchise,” and “glittery thrillers about fiscal malfeasance.” Through fiction I explore the dark side of money and the motivations of those who have it, want more, and will steamroll anybody who gets in their way.