Would this audiobook have an audience on the concen tracker
Just asking as it dropped into my basket by accident
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
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.