A Colossal Failure of Common Sense (Paperback)
Language: English
Published by Random House USA Inc, New York, 2010
- Softcover
- New
Seller: Grand Eagle Retail, Bensenville, IL, U.S.A.Grand Eagle Retail
AbeBooks seller since October 12, 2005
Condition: New
£ 19.67
Quantity: 1 available
Add to basketItem description from seller
Paperback. 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 answersright 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 McDonalds 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 worlds 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 Americasand the worldsfinancial system. And it need not have happened. This is the story of why it did. McDonald, a former vice president at Lehman Brothers, offers an intimate look inside the mad house that Lehman became, and shows beyond a doubt that Lehman's top executives were totally out to lunch, allowing Lehman's risk profile to reach gargantuan proportions. Shipping may be from multiple locations in the US or from the UK, depending on stock availability.…
Seller Inventory # 9780307588340
- Title
- A Colossal Failure of Common Sense (Paperback)
- Author
- Lawrence G. McDonald
- Publisher
- Random House USA Inc, New York
- Publication year
- 2010
- Condition
- new
- Binding
- Paperback
- Language
- English
- ISBN 10
- 0307588343
- ISBN 13
- 9780307588340
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.
"Synopsis" may belong to another edition of this title.
About the Author
PATRICK ROBINSON wrote Lone Survivor with the U.S. Navy SEAL Marcus Luttrell.
"About the title" may belong to another edition of this title.
Grand Eagle Retail
Bensenville, IL, U.S.A.
AbeBooks seller since October 12, 2005
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