Please listen to the "This American Life" episode he links to. Lewis explicitly says, "I don't want to spoil the revelations of 'This American Life': It's far b

Please listen to the "This American Life" episode he links to. Lewis explicitly says, "I don't want to spoil the revelations of 'This American Life': It's far better to hear the actual sounds on the radio, as so much of the meaning of the piece is in the tones of the voices -- and, especially, in the breathtaking wussiness of the people at the Fed charged with regulating Goldman Sachs." Also keep in mind that at that point, he's quoting from the Beim report, which is not from the tapes. As Lewis and the episode say, that report was written by a Columbia Business School professor in 2009, at the request of the Fed.