HBO’s Wizard of Lies is back in the news with nominations for both the Golden Globes and the Screen Actors Guild awards!
Golden Globes full nominations here.
HBO’s Wizard of Lies is back in the news with nominations for both the Golden Globes and the Screen Actors Guild awards!
Golden Globes full nominations here.
“Henriques notes the crash was actually seven years in the making, and she also demonstrates how it was the predicate to the financial crisis of 2008. Sadly, investors, regulators and bankers failed to heed the lessons of 1987, even as the same patterns resurfaced.”
Read the full article here.
“Henriques gives us a gripping, almost minute-by-minute account of the weeks that followed, including the posturings, the denials and the panics, as well as the “web of trust, pluck and improvisation” that pulled the markets through.”
Read the full review.
Diana Henriques talked about her book, A First-Class Catastrophe, about the worst day in stock market history. On that day, October 19, 1987, the market lost 22 percent of its value. She spoke with Bloomberg View columnist Joe Nocera.
See the video.
“After two weeks of euphoric trading and setting new records, the market suddenly pivoted on a dime and plunged 115 points, soared back up and then soared back down to the closing bell, leaving everybody aghast.”
Read the full interview.
“These events were red flashing lights on the console of an overheated, undermaintained, poorly-understood machinery.
We haven’t fixed any of this.”
Read the full interview.
“We came so close to a system cracking meltdown, fuse blowing crisis.”
On October 19, 1987, the Dow Jones had its biggest one-day drop in Wall Street history. On the 30th anniversary of the crash, WNYC looks at the causes of “Black Monday” and what it reveals about the fissures that still plague our financial system. Crash Course is supported by the Park Foundation.
Link to the full series.