Bankocracy
John Lanchester: Lehman Brothers, 5 November 2009
The Murder of Lehman Brothers: An Insider’s Look at the Global Meltdown
by Joseph Tibman.
Brick Tower, 243 pp., £16.95, September 2009,978 1 883283 71 1 Show More
by Joseph Tibman.
Brick Tower, 243 pp., £16.95, September 2009,
A Colossal Failure of Common Sense: The Incredible Inside Story of the Collapse of Lehman Brothers
by Larry McDonald, in collaboration with Patrick Robinson.
Ebury, 351 pp., £7.99, September 2009,978 0 09 193615 0 Show More
by Larry McDonald, in collaboration with Patrick Robinson.
Ebury, 351 pp., £7.99, September 2009,
“... people realising just how deep a hole they were in. A Colossal Failure of Common Sense is by Larry McDonald, a trader at the bank, and his view of its culture is much darker than Tibman’s. McDonald’s background was in convertible bonds. These are a form of debt which under certain circumstances can switch to ... ”