Michael Lewis, David Einhorn -- The Op Eds to End All Op Eds

Readers of this blog know my admiration for Michael Lewis, who writes so clearly about the financial messes of Wall Street, starting as an insider with Salamon Brothers. Read with relish the following:

http://www.nytimes.com/2009/01/04/opinion/04lewiseinhorn.html?_r=1&hp

and David Einhorn is co-author and also highlighted in the following NYT article by Nocera today.

This stuff is good for full weekend reading!

http://www.nytimes.com/2009/01/04/magazine/04risk-t.html

and we now will focus on a term that will be better known as the hearings begin tomorrow: "VaR" or Value at Risk.

The above article, by the way, makes the SEC look better. It required all financial companies to present a VaR in its filings.