Mike lewis is the subject of finance and economics famous writer. In the early 80 s, his first book "liar's poker" in the form of the autobiography he described in the outspoken Solomon brothers from interns to marketing bonds experience, describes some of the rules of the game and investment Banks unspoken rules, the industry figures fighting competition, foul-mouthed, depicts very vivid. Last year he published a book called "the big bear: doomsday machine Inside" (TheBig Short: Inside the DoomsdayMachine), vocal, with six weeks in the New York times bestseller the top spot. Earlier this month was mentioned in the book of a Chinese American reputation infringement to start a civil suit. "The big bear" about the financial crisis to the ShanYu before the outbreak to, ChaoGu zeroed in on the housing mortgage bonds today's frothiness, sensitive do empty,baseball hats earn billions of dollars of money. These subprime debt is packaging, packaging became very complex to financial derivatives, cover the risk, only will rise in house prices falling, under the premise of persuade the rating agencies, like the rubbish into the golden excellent grade debt, and to sell to institutional investors. Before the market crash, smart ChaoGu in a wine in the scene, nosed out the americans will pay for a mortgage, lost their homes housing, the national economy was in a recession, so mercilessly do empty, a bet to track. The prosecution Mr. Zhao was born in Hong Kong, is Harding assets consultant limited partnership enterprise's President, before the financial crisis under management value $15 billion of assets, mainly by institutional investors to detect mortgage bonds by the subprime bonds in the pool, timely ChouHuan off part of the high risk. He of accommodating large number of sub debt, to manufacture all kinds of "synthetic" complex derivatives, so-called mortgage debt management rights (CollateralizedDebtObligation), sold to investors. Mr. Zhao says "big bear" the book he describes the big, bad to start a sinister, lack of ethics, only figure their self-interest, ignoring the customer's investment risk. Since the book was published, he was ridiculed and disdain. He also accused the Louis news source hedge fund managers, ai and publishers NORTON company. American law guarantees freedom of speech, the author of the case against evil difficult to put on record, like Mr. Zhao this kind of case does not see more. Even if put on record, Mr. Zhao must prove the cause is not only the individual Louis spiritual influence, but his "reputation" for the book and serious damage, resulting in economic losses. And he must prove Louis writing books purpose is to his personal attack deliberately, malicious slander. However, the big bear "theme, but not ZhaoMou financial crisis the whole system process of collapse, and did not get his location for the central figure of the assets of the hype poison, not only he is the only one. Market collapsed, buried person many, loss of customers, to the bank for no money of his more etc? Even if he weighs up the ruins to a life, want to fold, fry of the assets of the poison before enough customers to future performance heading for the hills, it is difficult to prove that is the book to him in the negative impact on the economy. Although Mr. Zhao living in the United States for so many years, or can't get away from the Chinese exquisite face, to export gas complex. In a page 37 (notoriously corrupt), he expressed a being bullied by the injustice and indignation, faint and accused of Chinese Louis prejudice. Mr. Zhao father immigrated to the United States in the early 1950 s, job in the restaurant, hard work, and Louis is graduated from Princeton university, in investment banking, who lives in California a person of extraordinary powers curtilage, typical of the high society elite. These personal background in fact and fame no relation of infringement, innuendo are far-fetched. "The big bear" only in one chapter mentioned Mr. Zhao. Louis writing style is very creative, he described Mr. Zhao is short and fat: "is short, a Wall Street belly fat isn't that-the blue-collar beer belly,MLB Jerseys but a squirrel in winter is like concealed as before of grain storage bag." The United States is the world of countries most people obesity, general readers feel if belly and compared the squirrel, can't be insulted. Mr. Zhao too sensitive, thin-skinned, this on the network has become a proverb. The same chapter about Mr. Zhao and the other defendants, ai in Las Vegas to meet a restaurant, zhao says he doesn't care about the toxic assets content, his money by volume, when Amy was determined, and the last name of zhao hostile to certain has a chance. Louis in the book the real protagonist is ai such as, "the hero," dare to reverse thinking, confident they are drunk I wake up alone, there is energy to take action, the results made tens of millions of dollars for the national wealth. Financial innovation product's market caused great hidden dangers, the U.S. regulatory vacuum, the fed's monetary policy is the culprit behind indulge, is he really accused of object. These clairvoyance ChaoGu according to the rules of the game operation, make those financial innovation products institutions spamming money, a crisis, bad assets impact the whole financial system safety, the government out help city, the last is the national taxpayers pay. Mr. Zhao the scenery is really made a lot of money, but not away in time, finally evacuees often place fingers in the shrinking, quite a warning significance. Mr. Zhao may be too addicted in he blew bubbles of skill, has neglected the mantis catch cicada, winning game when the shepherds quarrel teaching, the reputation infringement once to court, the two sides will reveal the burden many assets transaction little-known details of poison, good panic of the reporters are grinding boxing wipe palm, if see department. A Chinese strike teeth and blood swallowed, if really put on record will only give Mr. Zhao hearing damage caused by the second. Weeks is 蓤, the former in New York (Reuters)-a senior reporter, of tsinghua university, school of journalism and communication, director of global financial news programs.

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