Letter from Dublin
A pub’s-eye view of Ireland’s recent run of leaders.
A pub’s-eye view of Ireland’s recent run of leaders.
Gabriel O'Malley n+1 Nov 2011 20min Permalink
On Michael Lewis and the global financial crisis.
Previously: The Michael Lewis World Tour of Economic Collapse
John Lanchester New York Review of Books Nov 2011 15min Permalink
On 20-somethings in America, or:
My screwed, coddled, self-absorbed, mocked, surprisingly resilient generation.
Noreen Malone New York Oct 2011 20min Permalink
A profile of Elizabeth Warren.
Suzanna Andrews Vanity Fair Nov 2011 25min Permalink
Retracing the early economic steps of the Obama administration.
Ezra Klein Washington Post Oct 2011 25min Permalink
From Vallejo to San Jose, a tour of local government despair:
The relationship between the people and their money in California is such that you can pluck almost any city at random and enter a crisis.
More Lewis: the complete financial disaster tourism series to date.
Michael Lewis Vanity Fair Nov 2011 45min Permalink
His complete financial disaster tourism series for Vanity Fair, to date.
Michael Lewis Vanity Fair Nov 2011 3h45min Permalink
On the marriage of Ponzi schemer Ken Starr and his fourth wife, Diane Passage, whom he met while she was dancing at a strip club.
Jessica Pressler New York Sep 2011 20min Permalink
The CEO of the US’s biggest bank doesn’t have much charisma or a track record, but he’s “doing as well as any little Dutch boy can—sticking his fingers in the dike.”
Dawn Kopecki, Paul M. Barrett Businessweek Sep 2011 20min Permalink
On the current state of the global economy and the inevitable decline of the U.K. and the U.S.:
A decade-long slowdown would accelerate this shift in global wealth and power and would be a grim thing to live through, but from a world-historical perspective it might not be a game-changer: it might just be the non-scenic route to the place we’re going anyway.
John Lanchester London Review of Books Sep 2011 10min Permalink
A profile of Ken Robinson, who earned minor fame and more than a few enemies for the controversial way he “bought” his house:
The week after Robinson moved into the tan-sided home with a faux stone entrance and maroon shutters, he was soaring, an Internet hero a few levels shy of Steven Slater, the JetBlue flight attendant who last summer cracked a beer and left work on a plane's emergency slide. For $16, Robinson had filed paperwork with Denton County staking his claim to the abandoned home through an obscure Texas law called adverse possession. Ever since, curious visitors, beginner real estate investors and people who want an ultra-cheap home to fulfill their version of the American Dream have been knocking on his door for advice and a handshake.
Leslie Minora Dallas Observer Sep 2011 20min Permalink
As Europe, led by Greece and Ireland and followed by Portugal and Spain, tumbles towards economic catastrophe, only one nation can save the continent from financial ruin: a highly reluctant Germany.
Michael Lewis Vanity Fair Sep 2011 40min Permalink
By 2006, S&P was making its own study of such loans' performance. It singled out 639,981 loans made in 2002 to see if its benign assumptions had held up. They hadn't. Loans with piggybacks were 43% more likely to default than other loans, S&P found. In April 2006, S&P said it would raise by July the amount of collateral underwriters must include in many new mortgage portfolios. For instance, S&P could require that mortgage pools have extra loans in them, since it now expected a larger number to go bad. Still, S&P didn't lower its ratings on existing securities, saying it had to further monitor the performance of loans backing them. It thus helped the market for these loans hold up through the end of 2006.
Aaron Lucchetti, Serena Ng The Wall Street Journal Aug 2007 10min Permalink
How Tim Durham funded a libertine lifestyle—dozens of luxury cars, Playboy-themed parties, a plethora of failed businesses—on the backs of unwitting Ohioans, many of them Amish.
Annie Lowrey Businessweek Jul 2011 15min Permalink
A profile of under-fire Goldman Sachs Ceo Lloyd Blankfein.
Jessica Pressler New York Jul 2011 25min Permalink
On the prosecution of former hedge fund star Raj Rajaratnam.
George Packer New Yorker Jun 2011 45min Permalink
Bob Rodriguez, the oracular mutual fund manager with the best record over the last quarter century and two correctly-predicted crashes under his belt, says another spectacular crash is on its way within five years.
Mina Kimes Fortune Jun 2011 15min Permalink
Fred Wilpon, the owner of the hapless New York Mets, had more than $500 million tied up with Bernie Madoff when the Ponzi scheme was exposed. Now he may be forced to sell his beloved ballclub.
Jeffrey Toobin New Yorker May 2011 45min Permalink
While much of the Levin report describes past history, the Goldman section describes an ongoing? crime — a powerful, well-connected firm, with the ear of the president and the Treasury, that appears to have conquered the entire regulatory structure and stands now on the precipice of officially getting away with one of the biggest financial crimes in history.
Matt Taibbi Rolling Stone May 2011 25min Permalink
On 21st-century prospectors:
Shawn Ryan is the king of a new Yukon gold rush, the biggest since the legendary Klondike stampede a century ago. Behind this stampede is the rising price of gold, and behind this price is fear.
Gary Wolf New York Times Magazine May 2011 1h10min Permalink
With fewer and fewer students having the income necessary to pay back loans (except through the use of more consumer debt), a massive default looks closer to inevitable.
On the emerging student loan bubble.
Malcolm Harris n+1 Apr 2011 10min Permalink
Despite no hurricanes in five years, Florida insurers are demanding yet more money from homeowners. At the same time, the capital that insurers have on hand to pay claims has shrunk. One reporter spent a year trying to figure out why.
Paige St. John The Sarasota Herald-Tribune Dec 2010 1h10min Permalink
A series on how some Wall Street bankers, seeking to enrich themselves at the expense of their clients and sometimes even their own firms, at first delayed but then worsened the financial crisis.
Jake Bernstein, Jesse Eisinger ProPublica Jan 2010 55min Permalink
The story of $220M in bailout money.
Matt Taibbi Rolling Stone Apr 2011 10min Permalink
On who will bear the burden of the financial crisis facing cities across America. “Will it be articulated in terms of bond defaults or larger kindergarten classes—or no kindergarten classes at all?”