“Before Volcker’s speech, bonds had been conservative investments, into which investors put their savings when they didn’t fancy a gamble in the… — Michael Lewis Copy Share Image
“Had Volcker never pushed through his radical change in policy, the world would be many bond traders and one memoir the poorer.” — Michael Lewis Copy Share Image
“Many thrifts layered a billion dollars of brand-new loans on top of their existing, disastrous hundred million dollars of old loss-making loans,… — Michael Lewis Copy Share Image
