A Colossal Failure of Common Sense: The Inside Story of the Collapse of Lehman Brothers
by McDonald, Lawrence G.; Robinson, Patrick
- Used
- Paperback
- Condition
- Like New
- ISBN 10
- 0307588343
- ISBN 13
- 9780307588340
- Seller
-
Fairfax Station, Virginia, United States
775 Copies Available from This Seller
Payment Methods Accepted
About This Item
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.From the Hardcover edition.
Reviews
(Log in or Create an Account first!)
Details
- Bookseller
- Mediaoutletdeal1 (US)
- Bookseller's Inventory #
- 0307588343_used
- Title
- A Colossal Failure of Common Sense: The Inside Story of the Collapse of Lehman Brothers
- Author
- McDonald, Lawrence G.; Robinson, Patrick
- Format/Binding
- Paperback
- Book Condition
- New
- Quantity Available
- 775
- ISBN 10
- 0307588343
- ISBN 13
- 9780307588340
- Publisher
- Currency
- Place of Publication
- U.s.a.
- Date Published
- 2010-10-12
Terms of Sale
Mediaoutletdeal1
30 day return guarantee, with full refund including original shipping costs for up to 30 days after delivery if an item arrives misdescribed or damaged.
About the Seller
Glossary
Some terminology that may be used in this description includes:
- New
- A new book is a book previously not circulated to a buyer. Although a new book is typically free of any faults or defects, "new"...