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A Colossal Failure Of Common Sense: The Incredible Inside Story Of The
Collapse Of Lehman Brothers

When Lehman Brothers bank went under, the world gasped. One of the world's biggest and most successful banks, its downfall was the event that sparked the slide of the world economy toward a Great Depression II.

This is the gripping inside story

RIP - This product is no longer available on our network. It was last seen on 01.03.2015

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  • Availability: Out Of Stock
  • Supplier: RBooks
  • SKU: 1407030671
Availability: In Stock
£7.34

Product Description

When Lehman Brothers bank went under, the world gasped. One of the world's biggest & most successful banks, its downfall was the event that sparked the slide of the world economy toward a Great Depression II.

This is the gripping inside story of the dark characters who ruled Lehman, who refused to heed warnings that the company was headed for an iceberg; the world-class, mid-level people who valiantly fought to get Lehman off its disastrous course; the crash that didn't have to happen. A news-breaking explanation that answers the question everyone still asks: 'why did it happen?'

Larry Mc Donald, a former vice-president at Lehman Brothers in charge of distressed debt trading & convertible securities, was right at the centre of the meltdown of the company & gives an intimate look at the madhouse that Lehman became. This book shows beyond a doubt that Richard Fuld, the long-time CEO of Lehman, & his top executives, were totally out to lunch, allowing Lehman's risk profile to reach gargantuan proportions.

While the traders, like Larry Mc Donald, clearly predicted more than two years in advance that the market for packaged subprime mortgages & credit default swaps would evaporate, the high-flying Lehman bosses pushed hard on the gas pedal until the very end.

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RBooks
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Page Updated: 2015-03-31 20:46:03

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