《colossal failure of common sen》是2010年Random House US出版的圖書，作者是Lawrence G. McDonald。
基本介紹
- 中文名：colossal failure of common sen
- 作者：Lawrence G. McDonald
- 出版社：Random House US
- ISBN：9780307588340
內容簡介
One of the biggest questions of the financial crisis has notbeen answered until now. What happened at Lehman Brothers andwhy was it allowed to fail, with aftershocks that rocked the globaleconomy? In this news-making, often astonishing book, a formerLehman Brothers Vice President gives us the straight answers—rightfrom the belly of the beast.
In A Colossal Failure of Common Sense, Larry McDonald, a WallStreet insider, reveals, the culture and unspoken rules of the gamelike no book has ever done. The book is couched in the very humanstory of Larry McDonald’s Horatio Alger-like rise from aMassachusetts “gateway to nowhere” housing project to the New Yorkheadquarters of Lehman Brothers, home of one of the world’stoughest trading floors.
We get a close-up view of the participants in the Lehmancollapse, especially those who saw it coming with a helpless, angrycertainty. We meet the Brahmins at the top, whose reckless,pedal-to-the-floor addiction to growth finally demolished thenation’s oldest investment bank. The Wall Street we encounter hereis a ruthless place, where brilliance, arrogance, ambition, greed,capacity for relentless toil, and other human traits combine in apotent mix that sometimes fuels prosperity but occasionallydestroys it.
The full significance of the dissolution of Lehman Brothersremains to be measured. But this much is certain: it was adevastating blow to America’s—and the world’s—financial system. Andit need not have happened. This is the story of why it did.
From the Hardcover edition.
