Pursuits
Michael Lewis on the Next Crisis
"The worse it gets, the better it is for me”
This article is for subscribers only.
Sept. 9, 2013: Sales of Lewis’s The Big Short reach 691,000 print copies in the U.S.
Was Lehman unjustly singled out when it was allowed to fail?
Lehman Brothers was the only one that experienced justice. They should’ve all been left to the mercy of the marketplace. I don’t feel, oh, how sad that Lehman went down. I feel, how sad that Goldman Sachs and Morgan Stanley didn’t follow. I would’ve liked to have seen the crisis play itself out more. The problem is, we would’ve all paid the price. It’s a close call, but I think the long-term effects would’ve been better.