Illuminating and infuriating

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In today’s “The Interview” on the BBC Word Service, Michael Lewis, author of Liar’s Poker, gave an insightful and comprehensive overview of the possible causes of the financial crisis, discussing among others how the nature of both the product (sub-prime mortgage) and the customer (the borrower) has been redefined, the cosy relationship between regulators and investment banks, the stories of the few investors who actually made money, and also the role of Goldman Sachs. Listen to it on the BBC website (28 min).

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