Entries for ' Michael Lewis'

Have you read the book “Boomerang: Travels in the NEW Third World” by Michael Lewis?  It’s a collection of anecdotes that illustrate the dysfunction of state-run finances in places like Iceland, Greece, Ireland…and California.  Not only does the book include California, but it saves the Golden State for last, making our state and municipal finances look even more dysfunctional than Greece!

Well … just maybe…we are turning a corner.  Perhaps when we look back at the sad disintegration of our fiscal finance, we will view June 1, 2012 as the nadir of the crisis.  Last week we witnessed the embarrassing revelation that the building purchased by Stockton to be its City Hall had been taken back by the bank.  CITY HALL - REPOSSESSED!  That is low. read more