Promoting his fawning profile of President Obama for the October issue of Vanity Fair on Tuesday's NBC Today, contributing editor Michael Lewis described a game of basketball he played with the commander in chief: "...it was actually very revealing...he doesn't let anybody treat him like the president. If you're watching the game, you'd have no idea who – which one is the president...he likes a really challenging environment...it's a relationship among equals." [Listen to the audio or watch the video after the jump]
The gushing from Lewis was prompted by co-host Matt Lauer wondering: "What did you see about the way he [Obama] handles himself on the court that sheds some light on his personality and how he might handle himself in the job?" Lewis observed: "...he's effective on the court, he's a good basketball player – but he plays a game that seems very risk averse....But then all of a sudden, when there's a risk to take, it's boom. He's got the personality of a sniper."
Talking to liberal author Michael Lewis on Monday's Rock Center on NBC about the Greek financial crisis, anchor Brian Williams wondered: "...what's the one thing you want to shout from the mountaintops, a message that is in all of your books that people aren't hearing, aren't paying attention to?"
Lewis called for an end to big banks: "...we still have at the center of our life these massive banks that are too big to fail. And they should've been broken up three years ago....why we are sitting here today...with these institutions that basically have us at their mercy...is beyond me." He then concluded: "So what I would shout from the rooftops is, get out into the streets with the Occupy Wall Street movement and protest."
"He dug into the idiocy and negligence that produced the worst financial crisis since the Great Depression," Steve Kroft opened a segment of the March 14 CBS "60 Minutes," featuring author Michael Lewis' latest work - "The Big Short: Inside the Doomsday Machine."
If Lewis "dug into the idiocy and negligence," he did so selectively - or that's what viewers could conclude from the long "60 Minutes" report, which concerned itself with how "some of Wall Street's smartest minds managed to destroy $1.75 trillion of wealth in the sub-prime mortgage markets." Somehow, in a 24-minute report about the sub-prime mortgage meltdown, nobody ever said where all the bad loans originated.
Lewis told Kroft that the financial crisis was "a story of mass delusion."
"How can they not look at the numbers?" Kroft asked. "How can Wall Street be selling all these, buying all of these mortgages and repackaging them and not realizing they are not very good mortgages?"