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:
Good. All pages and cover are intact-The book may have some cosmetic wear (i.e. creased spine/cover, scratches, curled corners, folded pages, minor sunburn)-The book has very few or no highlight/notes/underlined pages-Safe and Secure Mailer-No Hassle Return-Used books may not include supplementary material.
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Seller's Description:
Good. A copy that has been read, but remains in clean condition. All pages are solid. the cover is intact, but may show scuffs or light creases, as well as a possible rolled corner. The spine may show signs of wear. Pages may include limited notes and highlighting, The former owner may have written their name inside the front or back cover. COVER WILL VARY.
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Fair. The item is very worn but continues to work perfectly. Signs of wear can include aesthetic issues such as scratches, dents, worn and creased covers, folded page corners and minor liquid stains. All pages and the cover are intact, but the dust cover may be missing. Pages may include moderate to heavy amount of notes and highlighting, but the text is not obscured or unreadable. Page edges may have foxing (age related spots and browning). May NOT include discs, access code or other supplemental materials.
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Seller's Description:
Good+ in Very Good dust jacket. 6.54 X 1.3 X 9.51 inches; 351 pages; Yellowing to pages. Foxing to the exterior edge of pages only. Very Good overall condition otherwise. No other noteworthy defects. No writing.; -We offer free returns for any reason and respond promptly to all inquiries. Your order will be packaged with care and ship on the same or next business day. Buy with confidence.
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Seller's Description:
Good. Good condition. Good dust jacket. A copy that has been read but remains intact. May contain markings such as bookplates, stamps, limited notes and highlighting, or a few light stains.
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.