Uncontrolled Risk: Lessons of Lehman Brothers and How Systemic Risk Can Still Bring Down the World Financial System (repost)
Uncontrolled Risk: Lessons of Lehman Brothers and How Systemic Risk Can Still Bring Down the World Financial System By Mark Williams
Publisher: Mc.Gra.w-Hi.ll 2010 | 256 Pages | ISBN: 0071638296 | PDF | 1 MB
Publisher: Mc.Gra.w-Hi.ll 2010 | 256 Pages | ISBN: 0071638296 | PDF | 1 MB
The risk taking behind Wall Street's largest bankruptcy . . .
In this dramatic and compelling account of Lehman Brothers’ spectacular rise and fall, author Mark T. Williams explains how uncontrolled risk toppled a 158-year-old institution—and what it says about Wall Street, Washington, D.C., and the world financial system. A former trading floor executive and Fed bank examiner, Williams sees Lehman’s 2008 collapse as a microcosm of the industry—a worst-case scenario of smart decisions, stupid mistakes, ignored warnings, and important lessons in money, power, and policy that affect us all.