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Freakonomics Radio

568. Why Are People So Mad at Michael Lewis?

Freakonomics Radio

Freakonomics Radio + Stitcher

Documentary, Society & Culture

4.632K Ratings

🗓️ 14 December 2023

⏱️ 61 minutes

🧾️ Download transcript

Summary

Lewis got incredible access to Sam Bankman-Fried, the billionaire behind the spectacular FTX fraud. His book is a bestseller, but some critics say he went too easy on S.B.F. Lewis tells us why the critics are wrong — and what it’s like to watch your book get turned into a courtroom drama.

Transcript

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0:00.0

I feel like as much as Sam Bankman-Freed has been in the center of a vortex that you're close

0:10.1

to the center as well. Can you just tell me what your life has been like the past

0:14.1

couple months? Surprisingly controversial. This material just landed in my lap and I

0:20.2

really did think when I was writing it I never had more fun writing a book than I had writing this one.

0:24.4

I knew that some people were going to be a little bit upset with the book,

0:27.6

but I caught basically it was going to be taken as a thrill ride and it would just be a fun read

0:32.1

for everybody. What I wasn't prepared for

0:35.4

was just the sheer volume of the most popular non-fiction authors on the planet.

0:46.0

His books include Liar's Poker, Moneyball, The Big Short, Flash Boys,

0:50.0

and now Going Infinite, The Rise and fall of a new tycoon. The tycoon in question is Sam

0:56.8

Bankmanfreed, who was briefly everyone's favorite cryptocurrency billionaire, and Michael Lewis Road shotgun for some of the rise and most of the fall.

1:07.3

The fall was fast and hard. Bankman freed was recently convicted of seven counts of fraud and conspiracy in a New York courtroom.

1:16.4

The controversy comes from people who argue that Michael Lewis went soft on Bankman Freed instead of

1:22.4

blasting him as a crook and a cheat. Here is how a New York Times review put it.

1:28.0

Lewis had, in the months leading up to the disaster, a front row seat from which he could apparently see nothing.

1:37.0

It troubles me that people want to put Sam Bankmanfried into a simple box and put him on a shelf and not think too much more about this.

1:46.0

Why? It troubles you why?

1:48.0

Because he's so much more and this is so much more interesting than that.

1:52.0

Today on Freeconomics Radio... this is so much more interesting than that.

1:52.8

Today on Freak economics radio,

1:54.8

interesting is just the start of it.

1:57.4

Sam Bankman-Freed bared all to Michael Lewis,

...

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