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.
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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.
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Seller's Description:
The item shows wear from consistent use, but it remains in good condition and works perfectly. All pages and cover are intact (including the dust cover, if applicable). Spine may show signs of wear. Pages may include limited notes and highlighting. May NOT include discs, access code or other supplemental materials.
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Good. Trade paperback (US). Glued binding. 368 p. May show signs of wear, highlighting, writing, and previous use. This item may be a former library book with typical markings. No guarantee on products that contain supplements Your satisfaction is 100% guaranteed. Twenty-five year bookseller with shipments to over fifty million happy customers.
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Very good. Connecting readers with great books since 1972! Used books may not include companion materials, and may have some shelf wear or limited writing. We ship orders daily and Customer Service is our top priority!
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Fine. Trade paperback (US). Glued binding. 368 p. In Stock. 100% Money Back Guarantee. Brand New, Perfect Condition, allow 4-14 business days for standard shipping. To Alaska, Hawaii, U.S. protectorate, P.O. box, and APO/FPO addresses allow 4-28 business days for Standard shipping. No expedited shipping. All orders placed with expedited shipping will be cancelled. Over 3, 000, 000 happy customers.
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Seller's Description:
Very good. Connecting readers with great books since 1972! Used books may not include companion materials, and may have some shelf wear or limited writing. We ship orders daily and Customer Service is our top priority!
To put my comments in perspective, I believe in the power of now; which essentially, in my view, enables one to be objective. This book by Mr McDonald is a graphic description of "Collective Insanity" - it is an excellent read, full of the anecdotal stuff that enables the underlying issues to be highlighted in readable, non-technical format. No One, especially not a Master of the Universe, should be allowed to play Russian Roulette with other (unsuspecting) people's money, NEVER. So the key to WHY this was a "Colossal Failure of Common Sense" was simply the repeal of the Glass Steagall Act of 1933, to render "legal", it seems, the merger of Traveller's Insurance with CitiBank. Any institution that is allowed to take deposits from unsuspecting people should be precluded from owning or carrying on Investment Bank activities - gearing up $44 of debt for every $1 of equity! Until this is STOPPED, it can and will happen again so Goldman Sachs, Morgan Stanley et al should be precluded from taking retail deposit funds - FULL STOP.
