Review: Liar's Poker: Rising Through the Wreckage on Wall Street by Michael Lewis

Liar's Poker: Rising Through the Wreckage on Wall Street - Michael Lewis

This was a real page turner. Lewis takes the reader back to the late 70s and all through the 80s and tells the story of one "rogue" investment bank, Salomon Brothers, Inc. There is a big section of this rather short (249 pages) book that is devoted all to Lewis Rainrie and his newly conceived mortgage backed securities (MBS) trading department - this is the beginning of what would lead to the global recession of 2008. This section really helped give the reader more understanding and insight into Lewis' other book about MBS, The Big Short. The other big section deals with Lewis' experience as a bond trader in London. Lewis is funny, honest (he often talks about how he was at times fearful or completely out of his depth), and observant of human behavior and interaction. 5 stars.