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Special Edition A Colossal Failure of Common Sense: The Inside Story of the Collapse of Lehman Brothers with FREE MOBI EDITION Download Now!

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 destroys it.   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.

At this time of writing, The Audiobook A Colossal Failure of Common Sense: The Inside Story of the Collapse of Lehman Brothers has garnered 10 customer reviews with rating of 5 out of 5 stars. Not a bad score at all as if you round it off, it’s actually a perfect TEN already. From the looks of that rating, we can say the Audiobook is Good TO READ!

Special Edition A Colossal Failure of Common Sense: The Inside Story of the Collapse of Lehman Brothers with FREE MOBI EDITION!

This is a great read, moves fast. Financial stories aren't necessarily boring, and this book proves it. The author was a well placed employee at Lehman, knew the big players, and saw the meltdown from inside.A nice side benefit, he clearly explains a few financial market terms. He describes the various events leading to the housing crisis from the Lehman perspective, and puts them in the bigger context of the U.S. economy. I hadn't really understood how the 2008 financial crisis happened until reading this book.

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