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Full Description
Using extensive documentary evidence and interviews with former Lehman employees, Oonagh McDonald reveals the decisions that led to Lehman's collapse, investigates why the government refused a bail-out and whether the implications of this refusal were fully understood. In clear and accessible language she demonstrates both the short and long term effects of Lehman's collapse.
An electronic edition of this book is freely available under a Creative Commons (CC BY-NC) licence.
Contents
1 From cotton trader to investment banker: 1844-2008
2 From hubris to nemesis: January to September 2008
3 The fateful weekend
4 Regulating the 'Big Five'
5 The largest bankruptcy in American history
6 The destruction of value
7 Lehman's valuation of its assets
8 Measuring value
9 Monitoring value
10 Chasing a chimera?
Appendix 1: The Lehman Brothers Board of Directors in 2007
Appendix 2: The Lehman Brothers Corporate Structure
Index