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

3.83 avg rating
( 1,982 ratings by GoodReads )
 
9780307588333: 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. 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.

"synopsis" may belong to another edition of this title.

About the Author:

Lawrence G. McDonald was, until 2008, Vice President of convertible securities and distressed debt trading at Lehman Brothers; his prior career included convertible securities research and sales at Morgan Stanley and the co-founding of Convertbond.com, named by Forbes Magazine as "Best of the Web." Patrick Robinson is the co-author of LONE SURVIVOR and author of many tech-thrillers.

About the Author:

Lawrence G. McDonald is a managing director of Pangea Capital Management LP. He was, until 2008, vice president of distressed debt and convertible securities trading at Lehman Brothers. He ran an extremely successful joint venture between the firm’s fixed income and equity divisions and was one of Lehman’s most consistently profitable traders.

"About this title" may belong to another edition of this title.

Top Search Results from the AbeBooks Marketplace

1.

McDonald, Lawrence G.; Robinson, Patrick
Published by Crown Business
ISBN 10: 0307588335 ISBN 13: 9780307588333
New Hardcover Quantity Available: 1
Seller
Your Online Bookstore
(Houston, TX, U.S.A.)
Rating
[?]

Book Description Crown Business. Hardcover. Book Condition: New. 0307588335 Ships promptly from Texas. Bookseller Inventory # HGT8878AHGG013117H0415A

More Information About This Seller | Ask Bookseller a Question

Buy New
US$ 12.37
Convert Currency

Add to Basket

Shipping: FREE
Within U.S.A.
Destination, Rates & Speeds

2.

Lawrence G. McDonald, Patrick Robinson
Published by Crown Business (2009)
ISBN 10: 0307588335 ISBN 13: 9780307588333
New Hardcover Quantity Available: 1
Seller
pickabook
(san francisco, CA, U.S.A.)
Rating
[?]

Book Description Crown Business, 2009. Hardcover. Book Condition: New. Bookseller Inventory # mon0000102093

More Information About This Seller | Ask Bookseller a Question

Buy New
US$ 8.92
Convert Currency

Add to Basket

Shipping: US$ 3.99
Within U.S.A.
Destination, Rates & Speeds

3.

Lawrence G. McDonald; Patrick Robinson
Published by Crown Business (2009)
ISBN 10: 0307588335 ISBN 13: 9780307588333
New Hardcover Quantity Available: 1
Seller
Irish Booksellers
(Rumford, ME, U.S.A.)
Rating
[?]

Book Description Crown Business, 2009. Hardcover. Book Condition: New. book. Bookseller Inventory # 0307588335

More Information About This Seller | Ask Bookseller a Question

Buy New
US$ 18.69
Convert Currency

Add to Basket

Shipping: FREE
Within U.S.A.
Destination, Rates & Speeds

4.

Lawrence G. McDonald, Patrick Robinson
Published by Crown Business (2009)
ISBN 10: 0307588335 ISBN 13: 9780307588333
New Hardcover First Edition Quantity Available: 1
Seller
Ergodebooks
(RICHMOND, TX, U.S.A.)
Rating
[?]

Book Description Crown Business, 2009. Hardcover. Book Condition: New. First Edition. Bookseller Inventory # DADAX0307588335

More Information About This Seller | Ask Bookseller a Question

Buy New
US$ 22.04
Convert Currency

Add to Basket

Shipping: US$ 3.99
Within U.S.A.
Destination, Rates & Speeds

5.

Lawrence G. McDonald; Patrick Robinson
ISBN 10: 0307588335 ISBN 13: 9780307588333
New Hardcover Quantity Available: 1
Seller
AMAZINGBOOKDEALS
(IRVING, TX, U.S.A.)
Rating
[?]

Book Description Hardcover. Book Condition: BRAND NEW. BRAND NEW. Fast Shipping. Prompt Customer Service. Satisfaction guaranteed. Bookseller Inventory # 0307588335BNA

More Information About This Seller | Ask Bookseller a Question

Buy New
US$ 23.81
Convert Currency

Add to Basket

Shipping: US$ 3.99
Within U.S.A.
Destination, Rates & Speeds

6.

McDonald, Lawrence G., Robinson, Patrick
Published by Crown Business (2009)
ISBN 10: 0307588335 ISBN 13: 9780307588333
New Hardcover Quantity Available: 2
Seller
Murray Media
(North Miami Beach, FL, U.S.A.)
Rating
[?]

Book Description Crown Business, 2009. Hardcover. Book Condition: New. Bookseller Inventory # P110307588335

More Information About This Seller | Ask Bookseller a Question

Buy New
US$ 34.59
Convert Currency

Add to Basket

Shipping: US$ 2.99
Within U.S.A.
Destination, Rates & Speeds

7.

McDonald, Lawrence G.; Robinson, Patrick
Published by Crown Business
ISBN 10: 0307588335 ISBN 13: 9780307588333
New Hardcover Quantity Available: 1
Seller
Cloud 9 Books
(West Palm Beach, FL, U.S.A.)
Rating
[?]

Book Description Crown Business. Hardcover. Book Condition: New. 0307588335 New Condition. Bookseller Inventory # NEW6.0128242

More Information About This Seller | Ask Bookseller a Question

Buy New
US$ 49.99
Convert Currency

Add to Basket

Shipping: US$ 4.99
Within U.S.A.
Destination, Rates & Speeds