A Colossal Failure Of Common Sense by Lawrence G. McDonald
The Inside Story of the Collapse of Lehman Brothers
A first-hand account of the events leading up to the 2008 financial meltdown, detailing how risky mortgage products, opaque derivatives, failed risk models, and a profit-driven corporate culture combined with regulatory blind spots to topple a major investment bank; blending insider anecdotes with analysis, it explains the human errors, short-term incentives, and market dynamics that turned a housing downturn into a global crisis and the lessons about risk management and accountability that followed.
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- Published
- 2009
- Nationality
- American
- Length
- Unknown
- Pages
- 352 pages
- Original Language
- English
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- Alternate Titles
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