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    married life, against those who take false oaths; against those who keep back from the servant his payment, and who are hard on the widow and the child without a father, who do not give his rights to the man from a strange country, and have no fear of me, says the Lord of armies. The son of Abraham

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

     

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


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

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    Binding: Hardcover
    EAN: 9780393027501
    ISBN: 0393027503
    Item Dimensions: 98962119642
    Label: W. W. Norton & Company
    Languages: EnglishUnknownEnglishOriginal LanguageEnglishPublished
    Manufacturer: W. W. Norton & Company
    Number Of Items: 1
    Number Of Pages: 256
    Publication Date: October 17, 1989
    Publisher: W. W. Norton & Company
    Studio: W. W. Norton & Company




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    The bestselling and hilarious book that blew the doors off Wall Street's boardrooms and introduced the world to the writing of Michael Lewis.

    In this shrewd and wickedly funny book, Michael Lewis describes an astonishing era and his own rake's progress through a powerful investment bank. From an unlikely beginning (art history at Princeton?) he rose in two short years from Salomon Brothers trainee to Geek (the lowest form of life on the trading floor) to Big Swinging Dick, the most dangerous beast in the jungle, a bond salesman who could turn over millions of dollars' worth of doubtful bonds with just one call.

    With the eye and ear of a born storyteller, Michael Lewis shows us how things really worked on Wall Street. In the Salomon training program a roomful of aspirants is stunned speechless by the vitriolic profanity of the Human Piranha; out on the trading floor, bond traders throw telephones at the heads of underlings and Salomon chairman Gutfreund challenges his chief trader to a hand of liar's poker for one million dollars; around the world in London, Tokyo, and New York, bright young men like Michael Lewis, connected by telephones and computer terminals, swap gross jokes and find retail buyers for the staggering debt of individual companies or whole countries.

    The bond traders, wearing greed and ambition and badges of honor, might well have swaggered straight from the pages of Bonfire of the Vanities. But for all their outrageous behavior, they were in fact presiding over enormous changes in the world economy. Lewis's job, simply described, was to transfer money, in the form of bonds, from those outside America who saved to those inside America who consumed. In doing so, he generated tens of millions of dollars for Salomon Brothers, and earned for himself a ringside seat on the greatest financial spectacle of the decade: the leveraging of America.



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