In a commencement address he gave at his alma mater on Sunday, author Michael Lewis — best known for the nonfiction …
michael lewis
Does Michael Lewis’ Harvard Thesis Exonerate Goldman?
Back in December, the New York Times ran a story about Goldman and some collateralized debt obligations they underwrote. Turns out the CDOs, which were constructed by pooling together other bonds, performed badly. Really, really badly. The thrust of the Times piece was that Goldman routinely created CDOs with the worst mortgage bonds it …