Tuesday, December 20, 2011

Boomerang by Michael Lewis

Boomerang by Michael Lewis.  There are many varieties of travelogues—some focus on the architecture of an area, others on the local cuisine, still others the flora or fauna of a natural area.  Michael Lewis in this book takes a tour of some of the countries where there has been a recent financial implosion—Iceland, Greece, Ireland, Germany, and yes, California.  It isn’t an in depth examination of the economies of these places;  it’s more a look at the culture of the people and the circumstances of a freewheeling banking system that  couldn’t bring itself to say “No” to even the most hair-brained financial scheme.  A good, light read on a really complicated subject.


No comments: