A Colossal Failure of Common Sense : The Inside Story of the Collapse of Lehman Brothers
by Patrick Robinson; Lawrence G. McDonald
- Used
- Acceptable
- Paperback
- Condition
- Acceptable
- ISBN 10
- 0307588343
- ISBN 13
- 9780307588340
- Seller
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Seattle, Washington, United States
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About This Item
Crown/Archetype, 2010. Paperback. Acceptable. Readable copy. Pages may have considerable notes/highlighting. ~ ThriftBooks: Read More, Spend Less.Dust jacket quality is not guaranteed.
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.
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Details
- Bookseller
- ThriftBooks
(US)
- Bookseller's Inventory #
- G0307588343I5N00
- Title
- A Colossal Failure of Common Sense : The Inside Story of the Collapse of Lehman Brothers
- Author
- Patrick Robinson; Lawrence G. McDonald
- Format/Binding
- Paperback
- Book Condition
- Used - Acceptable
- Quantity Available
- 2
- ISBN 10
- 0307588343
- ISBN 13
- 9780307588340
- Publisher
- Crown/Archetype
- Place of Publication
- U.s.a.
- Date Published
- 2010
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Glossary
Some terminology that may be used in this description includes:
- Acceptable
- A non-traditional book condition description that generally refers to a book in readable condition, although no standard exists...
- Jacket
- Sometimes used as another term for dust jacket, a protective and often decorative wrapper, usually made of paper which wraps...
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