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.
Read Less
Add this copy of A Colossal Failure of Common Sense: the Inside Story of to cart. $2.12, good condition, Sold by ThriftBooks-Reno rated 4.0 out of 5 stars, ships from Reno, NV, UNITED STATES, published 2010 by Crown Publishing Group (NY).
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Add this copy of A Colossal Failure of Common Sense: the Inside Story of to cart. $2.12, fair condition, Sold by ThriftBooks-Reno rated 4.0 out of 5 stars, ships from Reno, NV, UNITED STATES, published 2010 by Crown Publishing Group (NY).
Add this copy of A Colossal Failure of Common Sense: the Inside Story of to cart. $2.12, fair condition, Sold by ThriftBooks-Dallas rated 4.0 out of 5 stars, ships from Dallas, TX, UNITED STATES, published 2010 by Crown Publishing Group (NY).
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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.
Add this copy of A Colossal Failure of Common Sense: the Inside Story of to cart. $6.17, very good condition, Sold by HPB-Ruby rated 4.0 out of 5 stars, ships from Dallas, TX, UNITED STATES, published 2010 by Crown Currency.
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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!
Add this copy of A Colossal Failure of Common Sense: the Inside Story of to cart. $7.99, very good condition, Sold by HPB-Ruby rated 4.0 out of 5 stars, ships from Dallas, TX, UNITED STATES, published 2010 by Crown Currency.
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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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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.