Books to Buy
Here are three new books that I’ve added to my reading list:
Michael Lewis, author of Liar’s Poker (which I loved and recommend) and author of The Blind Side (really?) just came out with a book on what went wrong in the credit markets.
Amazingly, despite the fact that the book is so one-sided, it also functions as a peerless guide to exactly what went so very wrong in the credit markets generally, and the mortgage markets in particular, over the course of the last decade. It’s not easy to explain synthetic subprime-backed collateralized debt obligations, but Lewis does an excellent job on both the micro level — what these thing are, and how they worked — and the macro level — how the market in such exotica helped to destabilize the entire financial system.
Paloma at La Dolce Vita writes, “[l]ast month, I read The Help by Kathryn Stockett, which I absolutely loved. ..I thought it was a touching story about courage and compassion. It shows the human spirit in so many ways and tells of the tumultuous South in the 1960s through various points of view. It is both endearing and at times, infuriating, but it is an amazing novel that I would highly, highly recommend.”
Little Billy’s Letters: An Incorrigible Inner Child’s Correspondence with the Famous, Infamous, and Just Plain Bewildered by Bill Geerhart caught my eye this morning as I scrolled through Boing Boing. The letters were penned by a grown-up Billy in 1993 under the guise of a young, curious boy. I read a few leaked letters from little Billy to murderer Susan Atkins, the Archbishop of the Catholic Church of California, and to one of O.J. Simpson’s “dream team” lawyers. Take a sneak peak here to read how funny and moving they are for yourself.