The big word in the lead headline in the Wall Street Journal today: crisis. The markets have been on fire for weeks now, and not in a good direction. Nobody knows what's coming next.
But suddenly there's harsh, bright light on where we've just been. Too much lending, too fast and loose. Bubble country.
A new novel based on the insights of an unlikely Wall Street insider tells the story of the age of hedge funds and private equity and the billion-dollar games that traders play.
This hour On Point: wild days in the markets, and the confessions of a Wall Street shoeshine boy.
Doug Stumpf, author of "Confessions of a Wall Street Shoeshine Boy" and editor at Vanity Fair
Roben Farzad, Wall Street editor for BusinessWeek
Murilo "Junior," shoeshine worker on Wall Street trading floor.
This program aired on August 13, 2007.