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Panic!

The Story of Modern Financial Insanity

Audiobook
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0 of 2 copies available
Wait time: Available soon

Featuring an exclusive interview with the author, "America's poet laureate of capital" (The Los Angeles Times)

When it comes to markets, the first deadly sin is greed. In Panic!, #1 bestselling author Michael Lewis has chosen several pieces of brilliant journalism to illuminate the most violent and costly upheavals in recent financial history: the Crash of '87, the Russian Default (and the subsequent collapse of Long Term Capital Management), the Asian Currency Crisis of 1999, the Internet Bubble, and the current Sub-Prime Mortgage Disaster. Among the unabridged selections are several pieces by Lewis himself, whose writing also introduces each section, as well as contributions from Nobel Prize-winner Paul Krugman, James Surowiecki and others writing in Fortune, The New Yorker and The New York Times.

Some of the pieces paint the mood and market factors leading up to the particular crash, or show what people thought was happening at the time. Others, with the luxury of hindsight, analyze what actually happened. There are sobering messages common to these narratives: the lessons that should have been learned along the way were for the most part ignored; and when push comes to shove — when all investors run to the same side of the boat — the carefully devised protections against risk turn out to be wishful thinking.

As proved in Liar's Poker, The New New Thing, and Moneyball, Lewis is without peer in his understanding of market forces and of human foibles. He is also, arguably, the funniest serious writer in America.
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  • Reviews

    • AudioFile Magazine
      A compilation of articles by the author, one of today's most insightful chroniclers of American finance and culture, and other financial luminaries paints a vivid picture of the roads we took to get to this stage of the current economic debacle. While Jesse Boggs and Blair Hardman are both strong and effective, it's not clear what is added by the double narration. Either reader would have been fine for this basic commentary. Both render Lewis's subtle wit beautifully. The closing interview with the author is an added bonus. A good production for listeners who want some back story on how we got to this pass, and what we might expect as this economic crisis plays itself out. M.C. (c) AudioFile 2008, Portland, Maine
    • AudioFile Magazine
      Not for the beginner in financial literacy, this volume pulls apart the subprime financial crisis in highly technical and detailed terms. The effect of moving among five voices--with changes in gender, pitch, pace, tone, and emphasis--is an interesting and engaging title that might otherwise overwhelm the listener. David Chandler, James Jenner, and Johnny Heller have a gritty edge to their readings of the crash of markets, which will assuage the anger many feel towards the decisions made on Wall Street. Ruth Ann Phimister is more nasal and perky in recounting facts; Kevin Orton gives the impression of a young and earnest financier. The combined effect is a big-picture interpretation of the limited vision behind many of the theories and scurrilous actions underpinning various trends in the stock market and the resulting downward spiral. M.R. (c) AudioFile 2009, Portland, Maine

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  • OverDrive Listen audiobook

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  • English

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