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RISK

(A TALE OF WALL STREET)

A thoughtful and well-crafted look at the human stakes in high finance.

A debut drama explores the bottomless greed and dysfunction that plague Wall Street.

In the wake of the 2008 financial catastrophe, Wall Street is badly hobbled and the bond market is all but nonexistent. Urban Bank in New York City is hit particularly hard by the crisis, and hungry for a financial product to sell. French-born Francine Dubois, a “walking spreadsheet” known for her encyclopedic storehouse of knowledge and quiet meticulousness, comes up with a brash idea: package wages into bonds just as was once done with mortgages, effectively collateralizing them, and reap the benefits from managing them as well as from their after-market value. Francine’s idea is an intriguing one, and she’s asked to draw up a plan and discover a client to jump aboard; she finds Verdinion Computers, a respected company whose imprimatur ensures the bonds will have a Triple A rating. But despite her tireless efforts and creativity in midwifing what comes to be known as “Bondage Bonds,” Francine is relegated to the sidelines, not given proper credit or compensation for her innovation. She decides to branch out on her own, partnering professionally and romantically with a successful trader, Matthew Dixon, and they open their own firm, Benoit Trading. Francine expands the company to include payrolls for civil servants in France, a risky move that leaves her vulnerable to disaster. And when the market too exuberantly embraces the bonds, and a new crisis eerily familiar to the last one looms imminently, she is the most obvious candidate to be chosen as a scapegoat. Levey’s dramatization of Wall Street’s infinite avarice is ingeniously inventive, providing a scathingly astute commentary on the irrepressibility of capitalistic avarice. And no one is spared his gimlet-eyed scrutiny—even the bond ratings agencies are easily moved by their own myopically conceived self-interest. The author paints a vivid picture of a world too easily moved into a feeding frenzy: “A swelling sea of Bondage Bonds swept over the markets, and the sweet odor of fees and commissions seeped into the cloistered halls of American finance.” Francine is a fascinatingly complicated protagonist—restrained by an authentic sense of principle but not unmoved by the blandishments of material success, she walks a fine line between admirable ambition and reckless cupidity. The narrative includes a surfeit of highly technical jargon and will likely appeal most to those with a firm grasp and abiding interest in the inner machinations of the financial world. In addition, a plot turn toward the end of the tale that involves French terrorists seems overdone and implausible, unlike the rest of the novel. Levey’s writing is crisp and witty, though, and he avoids any easy moral judgments about his characters, allowing readers to experience them in all their vibrant complexity. The author’s first effort is a precocious one, characterized by unusual restraint and a sensitive attention to the moral frailty that even the noblest figures wrestle with.

A thoughtful and well-crafted look at the human stakes in high finance.

Pub Date: Oct. 11, 2017

ISBN: 978-0-9994206-0-7

Page Count: 256

Publisher: Yulap

Review Posted Online: Nov. 25, 2017

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A LITTLE LIFE

The phrase “tour de force” could have been invented for this audacious novel.

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Four men who meet as college roommates move to New York and spend the next three decades gaining renown in their professions—as an architect, painter, actor and lawyer—and struggling with demons in their intertwined personal lives.

Yanagihara (The People in the Trees, 2013) takes the still-bold leap of writing about characters who don’t share her background; in addition to being male, JB is African-American, Malcolm has a black father and white mother, Willem is white, and “Jude’s race was undetermined”—deserted at birth, he was raised in a monastery and had an unspeakably traumatic childhood that’s revealed slowly over the course of the book. Two of them are gay, one straight and one bisexual. There isn’t a single significant female character, and for a long novel, there isn’t much plot. There aren’t even many markers of what’s happening in the outside world; Jude moves to a loft in SoHo as a young man, but we don’t see the neighborhood change from gritty artists’ enclave to glitzy tourist destination. What we get instead is an intensely interior look at the friends’ psyches and relationships, and it’s utterly enthralling. The four men think about work and creativity and success and failure; they cook for each other, compete with each other and jostle for each other’s affection. JB bases his entire artistic career on painting portraits of his friends, while Malcolm takes care of them by designing their apartments and houses. When Jude, as an adult, is adopted by his favorite Harvard law professor, his friends join him for Thanksgiving in Cambridge every year. And when Willem becomes a movie star, they all bask in his glow. Eventually, the tone darkens and the story narrows to focus on Jude as the pain of his past cuts deep into his carefully constructed life.  

The phrase “tour de force” could have been invented for this audacious novel.

Pub Date: March 10, 2015

ISBN: 978-0-385-53925-8

Page Count: 720

Publisher: Doubleday

Review Posted Online: Dec. 21, 2014

Kirkus Reviews Issue: Jan. 1, 2015

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THE CATCHER IN THE RYE

A strict report, worthy of sympathy.

A violent surfacing of adolescence (which has little in common with Tarkington's earlier, broadly comic, Seventeen) has a compulsive impact.

"Nobody big except me" is the dream world of Holden Caulfield and his first person story is down to the basic, drab English of the pre-collegiate. For Holden is now being bounced from fancy prep, and, after a vicious evening with hall- and roommates, heads for New York to try to keep his latest failure from his parents. He tries to have a wild evening (all he does is pay the check), is terrorized by the hotel elevator man and his on-call whore, has a date with a girl he likes—and hates, sees his 10 year old sister, Phoebe. He also visits a sympathetic English teacher after trying on a drunken session, and when he keeps his date with Phoebe, who turns up with her suitcase to join him on his flight, he heads home to a hospital siege. This is tender and true, and impossible, in its picture of the old hells of young boys, the lonesomeness and tentative attempts to be mature and secure, the awful block between youth and being grown-up, the fright and sickness that humans and their behavior cause the challenging, the dramatization of the big bang. It is a sorry little worm's view of the off-beat of adult pressure, of contemporary strictures and conformity, of sentiment….

A strict report, worthy of sympathy.

Pub Date: June 15, 1951

ISBN: 0316769177

Page Count: -

Publisher: Little, Brown

Review Posted Online: Nov. 2, 2011

Kirkus Reviews Issue: June 15, 1951

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