9780307702418

A Colossal Failure of Common Sense: The Inside Story of the Collapse of Lehman Brothers

McDonald, Lawrence G.; Robinson, Patrick

ISBN 10: 0307702413 / 0-307-70241-3
ISBN 13: 9780307702418
Publisher: Random House Audio
Publication Date: 2009

Editorial Reviews for this title:
Synopsis:

One of the biggest questions of the financial crisis has not been answered until now. 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.


Editorial reviews may belong to another edition of this title.
 

A Colossal Failure of Common Sense: The Inside Story of the Collapse of Lehman Brothers: Search Results

1.
A Colossal Failure of Common Sense: The Inside Story of the Collapse of Lehman Brothers (ISBN: 0307702413 / 0-307-70241-3)
McDonald, Lawrence G.; Robinson, Patrick
ISBN 10: 0307702413
ISBN 13: 9780307702418
Bookseller: Book Deals (Lewiston, NY, U.S.A.)
Bookseller Rating: 2-star rating
Quantity Available: 1

Book Description: Random House Audio, 2009. Book Condition: New. Brand New, Unread Copy in Perfect Condition. A+ Customer Service! (1413742722). Bookseller Inventory # ABE_book_new_0307702413

Bookseller & Payment Information | More Books from this Seller | Ask Bookseller a Question

Add Book to Shopping Basket
Price: US$ 207.92
Convert Currency
Shipping: FREE Within U.S.A.
View All Listings for this Book