Wednesday, October 1st, 2008
Michael Lewis subprime parable
by Warren
Michael Lewis, the author of “The New, New Thing,” recently rented out the biggest mansion in New Orleans, a house he’d lusted after as a boy and found overwhleming once he moved in. He also found that being inside a house thats way beyond your means, even if you’re renting it, says a lot about both the American psyche and the subprime mess the US currently finds itself in.