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. $1.85, good condition, Sold by Goodwill of Greater Milwaukee rated 4.0 out of 5 stars, ships from Milwaukee, WI, UNITED STATES, published 2009 by Crown Business.
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Add this copy of A Colossal Failure of Common Sense: the Inside Story of to cart. $2.33, very good condition, Sold by ThriftBooks-Dallas rated 5.0 out of 5 stars, ships from Dallas, TX, UNITED STATES, published 2009 by Crown Business.
Add this copy of A Colossal Failure of Common Sense: the Inside Story of to cart. $2.33, good condition, Sold by ThriftBooks-Atlanta rated 5.0 out of 5 stars, ships from Austell, GA, UNITED STATES, published 2009 by Crown Business.
Add this copy of A Colossal Failure of Common Sense: the Inside Story of to cart. $2.33, good condition, Sold by ThriftBooks-Dallas rated 5.0 out of 5 stars, ships from Dallas, TX, UNITED STATES, published 2009 by Crown Business.
Add this copy of A Colossal Failure of Common Sense: the Inside Story of to cart. $2.33, good condition, Sold by ThriftBooks-Baltimore rated 4.0 out of 5 stars, ships from Halethorpe, MD, UNITED STATES, published 2009 by Crown Business.
Add this copy of A Colossal Failure of Common Sense: the Inside Story of to cart. $2.73, very good condition, Sold by ThriftBooks-Reno rated 5.0 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. $2.73, very good condition, Sold by ThriftBooks-Dallas rated 5.0 out of 5 stars, ships from Dallas, TX, 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. $2.73, good condition, Sold by ThriftBooks-Atlanta rated 5.0 out of 5 stars, ships from Austell, GA, 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. $2.73, good condition, Sold by ThriftBooks-Reno rated 5.0 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. $2.73, very good condition, Sold by ThriftBooks-Baltimore rated 4.0 out of 5 stars, ships from Halethorpe, MD, UNITED STATES, published 2010 by Crown Publishing Group (NY).
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.
