A Colossal Failure of Common Sense

Lawrence G. McDonald, Patrick Robinson

ISBN 10: 0091936152 / ISBN 13: 9780091936150

Published by Ebury Press, 2009

About this Item

: Adéntrate en la historia del colapso de Lehman Brothers con este relato interno de Larry McDonald, ex vicepresidente del banco. Descubre los personajes clave y las decisiones que llevaron a la crisis financiera mundial. McDonald ofrece una mirada íntima a la locura que se apoderó de Lehman, revelando cómo los altos ejecutivos permitieron que el perfil de riesgo del banco alcanzara proporciones gigantescas. Este libro responde a la pregunta que todos se hacen: ¿por qué sucedió? EAN: 9780091936150 Tipo: Libros Categoría: Negocios y Economía|Historia Título: A Colossal Failure of Common Sense Autor: Lawrence G. McDonald| Patrick Robinson Editorial: Ebury Press Idioma: en Páginas: 368 Formato: tapa blanda.

Seller Inventory # Happ-2025-03-19-564c6ce7

Bibliographic Details

• Title: A Colossal Failure of Common Sense
• Publisher: Ebury Press
• Publication Date: 2009
• Language: English
• ISBN 10: 0091936152
• ISBN 13: 9780091936150
• Binding: Soft cover
• Condition: Bueno

About this title

Synopsis

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 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 McDonald, a former vice-president at Lehman Brothers in charge of distressed debt trading and convertible securities, was right at the centre of the meltdown of the company and 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, and his top executives, were totally out to lunch, allowing Lehman's risk profile to reach gargantuan proportions.

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

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.