Michael Lewis
Michael Lewis's inside account of 1980s Wall Street reveals a toxic, high-stakes culture driven by unchecked greed and speculation. This era fundamentally changed how the global financial system manages and sells risk.
Wall Street in the 1980s rewarded aggression and reckless risk-taking over traditional values and ethical judgment.
Traders routinely manipulated ignorant customers into unfavorable investments to generate massive short-term profits for their firm.
The invention of the mortgage bond market accidentally revolutionized finance by allowing banks to bundle and sell risky home loans.