In the second half of Michael Lewis’s “Liar’s Poker,” he explores the struggles and downfall of Salomon brothers, the banking firm Lewis had worked at. In my last TOW, I had complained about the discontinued anecdote of the Liar’s Poker game played between Merriweather and Gutfreund. While I was let down in expecting it at the end, Lewis’s story is forgivable due to its extremely satisfying conclusion. Lewis perfectly builds up a detestable image of his superiors (and indeed everyone on Wall Street) and has them put in their place by the 1987 Wall Street crash.
Before Lewis gives the antagonists the smack down, he articulates his position on Wall Street very well. He credits his mentors through an antithesis. He credits his current mentor, Dash, as being “across his desk.” He credits his original mentor, Alexander, as the one “across the ocean.” He also quotes his peers’ metaphors about him. They describe Lewis with sexual innuendos in order to indicate that his stock-trading abilities are desirable to a sexual extent, and some of his body parts are accordingly desirable. Ultimately, Lewis successfully makes himself out to be likeable person in a sea of nightmares.
Lewis’s ability to put himself in this position makes the ending extremely satisfying. In the stock market crash of the winter of 1987, nearly everyone he works with is fired. Except, of course, for Lewis himself. It is great to see that, no matter how rich and powerful people like Gutfreund are, they are no match for the economy of a country. Finally, Lewis goes on to quit his job. His reason is that one’s salary should reflect how much they give to society. As a bond-trader, Lewis failed to see any contribution that justified how much money he was making. Lewis rescues his character and shows that money is not everything.