The reason the Greeks don't pay taxes is they don't trust where their taxes are going, because they know these other Greeks are taking money from the state for doing nothing. So it's - it's an essentially corrupt society.
Michael LewisA banking system is an act of faith: it survives only for as long as people believe it will.
Michael LewisThat's what happens when you're thirty-seven years old: you do the things you always did but the result is somehow different.
Michael LewisHe's a machine for competitive balance, ... Yes, the money is in New York. Yes, the money is in his hands. But he squanders money. Thank God for it.
Michael LewisPeople were paid lots of money to make stupid decisions, people in big banks, and when people are paid to be stupid they'll be stupid. The question was, did they know they were being stupid or were they just stupid? I think you need to take it on a case by case basis. There was some sinister activity, but I think by and by it was people being incentivised to do the wrong thing.
Michael Lewis