Weekend August 18 2012
Kyle Bass, no relation to the Fort Worth Bass Family, bet big that European debt values would collapse. He 
is featured in the intro to Boomerang by Michael Lewis. I am reading Boomerang now, are you?
Professor Elam
Accounting & Investing Info for San Antonio A & M
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2 responses to “The Big Bet on Credit Default Swaps”
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I’m sure any book written by Michael Lewis is sure to be an interesting — if not, enlightening— read. Michael Lewis’ “Liar’s Poker” exposed the corrupt corporate culture at the Solomon Bros. brokerage firm. “The Big Short” discussed the inner workings of the derivative and sub-prime lending activity that led to the crash of 2008 (something the SEC still refuses to investigate). Michael Lewis has consistently exposed corporate activity where others have turned their eyes. I have no doubt “Boomerang” will be another eye-opener.
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I wish all our students could comment on current business lit with your obvious authority! Yes boomerang is a fun read, I wish an editor would send me on a world tour to write a book.
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Professor Elam 
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