The End of Wall Street's Boom

The era that defined Wall Street is finally, officially over. Michael Lewis, who chronicled its excess in Liar’s Poker, returns to his old haunt to figure out what went wrong.

Michael Lewis describes in wonderful detail how few investors of Wall Street firms and securities really understood how out of whack the system was, dating back to the mid-1980's. He also explains how most Wall Street company CEO's and their henchmen were morally bankrupt and didn't care who they ripped off. This is a great article with the information presented in a story about a few Wall Streeters who figured it out and went against the countless thieves and villains of this corrupt financial system.

http://www.portfolio.com/news-markets/national-news/portfolio/2008/11/11/The-End-of-Wall-Streets-Boom