Author: Lawrence G. McDonald
Edition: Reprint
Publisher: Crown Business
Binding: Paperback
ISBN: 0307588343
Price:
You Save: 60%
A Colossal Failure of Common Sense: The Inside Story of the Collapse of Lehman Brothers
One of the biggest questions of the financial crisis has not been answered until now.A Colossal Failure of Common Sense review. What happened at Lehman Brothers and why was it allowed to fail, with aftershocks that rocked the global economy? In this news-making, often astonishing book, a former Lehman Brothers Vice President gives us the straight answers—right from the belly of the beast.
In A Colossal Failure of Common Sense, Larry McDonald, a Wall Street insider, reveals, the culture and unspoken rules of the game like no book has ever done. The book is couched in the very human story of Larry McDonald’s Horatio Alger-like rise from a Massachusetts “gateway to nowhere” housing project to the New York headquarters of Lehman Brothers, home of one of the world’s toughest trading floors.
We get a close-up view of the participants in the Lehman collapse, especially those who saw it coming with a helpless, angry certaintyRead full reviews of A Colossal Failure of Common Sense: The Inside Story of the Collapse of Lehman Brothers.
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A Colossal Failure of Common Sense: The Inside Story of the Collapse of Lehman Brothers - Patrick Robinson, Lawrence G. Mcdonald
Review òÀÜ...gives the readers a visceral sense of what it was like to work at Lehman Brothersand the fateful decisions and events that led to the companyòÀÙs death spiral...òÀÝ òÀÔMichikoKakutani, The New York Times òÀÜHighly readableòÀæA Colossal Failure of Common SenseTàlargely rings true. It expresses the anger that many former Lehman employees still feel toward Mr. Fuld. And it convincingly characterizes the investment bank as a house divided against itself, between the bears who had foreseen bubbles and the bulls who wrongly believed that this time was different.òÀÝ
author larry s mcdonald author patrick robinson format paperback language english publication year 03 09 2009 subject management business economics industry subject 2 economics professional general payment shipping rates returns a colossal failure of common sense the incredible inside story of the collapse of lehman brothers the inside story of the collapse of lehman brothers product category books isbn 0091936152 title a colossal failure of common sense the incredible inside story of the collap
A Colossal Failure of Common Sense : Paperback : Random House USA Inc : 9780307588340 : 0307588343 : 12 Oct 2010 : McDonald, a former vice president at Lehman Brothers, offers an intimate look inside the mad house that Lehman became, and shows beyond a doubt that Lehman's top executives were totally out to lunch, allowing Lehman's risk profile to reach gargantuan proportions.
BOOK/AUDIOBOOK CD McDonald Wall Street Lehman A COLOSSAL FAILURE OF COMMON SENSE Click to open supersize image Full Title:A Colossal Failure of Common Sense: The Inside Story of the Collapse of Lehman Brothers Au thor: Lawrence G. McDonald Recording Date: 2009 Original Price: .00 Length:13 CDs; approximately 16 1/2 hours This is a CD audio book in overall good to very good used condition, except for the case. It has been withdrawn from library use, and has library markings and case, which ha
A Colossal Failure of Common Sense Reviews
What happened at Lehman Brothers and why was it allowed to fail, with aftershocks that rocked the global economy? In this news-making, often astonishing book, a former Lehman Brothers Vice President gives us the straight answers—right from the belly of the beast.
In A Colossal Failure of Common Sense, Larry McDonald, a Wall Street insider, reveals, the culture and unspoken rules of the game like no book has ever done. The book is couched in the very human story of Larry McDonald’s Horatio Alger-like rise from a Massachusetts “gateway to nowhere” housing project to the New York headquarters of Lehman Brothers, home of one of the world’s toughest trading floors.
We get a close-up view of the participants in the Lehman collapse, especially those who saw it coming with a helpless, angry certainty. We meet the Brahmins at the top, whose reckless, pedal-to-the-floor addiction to growth finally demolished the nation’s oldest investment bank. The Wall Street we encounter here is a ruthless place, where brilliance, arrogance, ambition, greed, capacity for relentless toil, and other human traits combine in a potent mix that sometimes fuels prosperity but occasionally destroys it.
The full significance of the dissolution of Lehman Brothers remains to be measured. But this much is certain: it was a devastating blow to America’s—and the world’s—financial system. And it need not have happened. This is the story of why it did.
From the Hardcover edition.
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