Wall Street & Technology: Blog

If you ranked the people who are the most disliked by Wall Street executives, Michael Lewis is probably at the top of the list (along New York Attorney General Andrew Cuomo and probably U.S. Congressman Barney Frank). First Lewis writes “Liar’s Poker” about the excessive culture he witnessed while he was at Solomon Brothers, and now he follows it up with “The Big Short: Inside the Doomsday Machine,” a scathing critique of Wall Street and its actions before, during and after the credit crisis. Here is Lewis’ “60 Minutes” interview from Sunday’s episode, in two parts:

Inside the Collapse, Part I:

Watch CBS News Videos Online

For Part II, click below:

Vendor risk is top of the mind for most Wall Street firms these days. In this video clip, Larry Tabb, CEO and founder of TABB Group, tells us how the credit crisis is changing the vendor landscape as financial organizations seek more stable larger vendors to align with. Still, when the market recovers, we will start to see more innovation, particularly from smaller independent vendors, Tabb says.

The new Credit Card Accountability Responsibility and Disclosure act recently went into effect—but not without controversy. On a recent episode of The Daily Show, Jon Stewart laid out both what's wrong with American consumers and with credit card companies.

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