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Cover of A colossal failure of common sense: the inside story of the collapse of lehman brothers

A colossal failure of common sense: the inside story of the collapse of lehman brothers

✍ Scribed by Lehman Brothers (1993-2008);McDonald, Lawrence G.;Robinson, Patrick


Publisher
Crown Business
Year
2009
Tongue
English
Weight
276 KB
Category
Fiction
City
New York, United States.
ISBN
0307588351

No coin nor oath required. For personal study only.

✦ Synopsis


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--arguing that this collapse need not have happened.;A rocky road to Wall Street -- Scaring Morgan Stanley to death -- Only the Bears smiled -- The man in the ivory tower -- A miracle on the waterway -- The day Delta Air Lines went bust -- The tragedy of General Motors -- The mortgage bonanza blows out -- King Richard Thunders forward -- a 100 million dollar crash for subprime's biggest beast -- Wall Street stunned as Kirk quits -- Fuld, defiant to the end.

✦ Subjects


United States


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### Review “...gives the readers a visceral sense of what it was like to work at Lehman Brothers and the fateful decisions and events that led to the company’s death spiral...” —Michiko Kakutani, *The New York Times* “Highly readable…\_A Colossal Failure of Common Sense\_ largely rings true. It