Best-selling author of ‘Liar’s Poker’ turns his attention to Wall Street
Ten years ago, few people were familiar with terms such as “subprime mortgage” and “credit default swaps.” Fewer still understood how they worked and the astounding potential they had to undermine the country’s entire financial framework.
Related Poker News:
- Michael Lewis Talks to 60 Minutes About His New Book, ‘Wall Street: Inside The Collapse’
- The True Story of Six College Friends Who Dealt Their Way to a Billion-Dollar Online Poker Empire
- Have TV Gambling Shows Finally Gone Too Far?
- Casino Coupons Can Guarantee Winning Visits for Casino Vacationers
- Poker, Power Go Hand In Hand, Author Says
- Woman Poker Player Magazine Sponsors First Annual Poker Author Challenge in Las Vegas
- World Championship Poker 2 Ships for PSP
- SOPA author may have just blinked
- Jeff Haney talks with gambling author John Gollehon about his concern over the effect of poker’s growing popularity and
- P.E.I. should track gambling-linked suicides: author
- Casino foes enlist well-known author to give talk tonight
- Author finds reality TV gambling shows stupid
Interesting gambling information:
- Keno, the casino version of lotto, originated in China nearly 2000 years ago when Cheung Heung devised a lottery as a way of raising funds for his province's army.
- In 1911, the state of California ruled that "draw" poker was a skill, and thus could not be banned under existing anti-gambling laws. However, "Stud" poker was still considered illegal at the time.
- The famous banker J.P. Morgan once walked out of a Monte Carlo casino because the stakes were too low? At the time, the maximum wager was 12,000 francs and Morgan wanted it increased to 20,000 francs. When the casino manager refused to increase the limit, Morgan left the casino saying "12,000 francs! I have no time to lose such ridiculous amounts."
- In 1973, the Commission on the Review of National Policy toward Gambling was created to study gambling in the United States.