"To me, as a multi-decade, veteran Lehman investment banker, the breathtaking death of my firm appeared impossible as little as three days ahead of the bankruptcy filing. Not only did I consider our "master of the universe" firm invincible, but, like my colleagues, when it became clear we were in deep trouble, it was unfathomable that the US government could misstep so foolishly as to let any bulge bracket investment bank simply fail. The worst case seemed to be the Bear Stearns route. "But Henry Paulson, Treasury Secretary, is a Bush appointee, and so like other cabinet members, a free agent, ruling his fiefdom like a Tsar. He in effect gave his singular nod to the dissolution of a century and a half old firm, and the largest US bankruptcy ever, launching a sucker punch to global financial markets and sending an already weak economy into a tailspin". This book sheds light on the perfect, complex storm that led to Lehman's collapse and the ensuing global consequences. It includes a brief history of Lehman, highlighting certain notable events, including a previous near collapse, the rise of Richard Fuld and the "one-firm" culture, the repeated mistake made by providers of credit, inventing new financings -- rationalising that while profitable, these risky endeavours are actually not risky, more specifically sub-prime mortgages and Lehman's role, as well as an internal battle over Lehman's embrace of a massive real estate book, the emergence of Lehman as a top tier firm, the unravelling that began with the sub-prime meltdown, and gained vigour with the fall of Bear, and the consequences of Lehman's fall.
具体描述
读后感
评分
评分
评分
评分
用户评价
On second thought, at least better than 'too big to fail'
评分On second thought, at least better than 'too big to fail'
评分On second thought, at least better than 'too big to fail'
评分On second thought, at least better than 'too big to fail'
评分On second thought, at least better than 'too big to fail'
相关图书
本站所有内容均为互联网搜索引擎提供的公开搜索信息，本站不存储任何数据与内容，任何内容与数据均与本站无关，如有需要请联系相关搜索引擎包括但不限于百度，google,bing,sogou 等
© 2025 book.quotespace.org All Rights Reserved. 小美书屋 版权所有