Mea culpa.

My apologies to readers for erring in an earlier post, "Wrong Way Lewis," in identifying the Oscar-winning Inside Job as having been based on Michael Lewis' recent bestseller on the Great Recession, The Big Short. Inside Job was in fact written by Charles Ferguson, who memorably acccepted an Oscar for his film earlier this year by saying how he regretted that not one of the principal culprits in the Great Recession has been punished for their roles in causing the global wreckage.

I apologize, too, for being so tardy in keeping up with reader comments that alerted me to my mistake.

I do stand by my expressed regard for the shortcomings of Lewis' works, and my belief that only a substantial change in the culture of business will prevent another failure of capitalism of the magnitude of the Great Recession. I've outlined some of the factors leading to an encore to the Great Recession, in the Star. Ezra Klein shares that view in WaPo. ("If it can go wrong, it will. And it will be our fault.")