A Colossal Failure of Common Sense

出版者:Crown Business

作者:Lawrence G. McDonald

页数:351

出版时间:2009-7-21

价格:USD 27.00

装帧:Hardcover

isbn号码:9780307588333

图书标签:金融2008金融危机雷曼兄弟金融风暴华尔街英文经济学金融投资

One of the biggest questions of the financial crisis has not been answered until now. What happened at Lehman Brothers and why was it allowed to fail, with aftershocks that rocked the global economy? In this news-making, often astonishing book, a former Lehman Brothers Vice President gives us the straight answers—right from the belly of the beast. In A Colossal Failure of Common Sense , Larry McDonald, a Wall Street insider, reveals the culture and unspoken rules of the game like no book has ever done. The book is couched in the very human story of Larry McDonald’s Horatio Alger-like rise from a Massachusetts “gateway to nowhere” housing project to the New York headquarters of Lehman Brothers, home of one of the world’s toughest trading floors. We get a close-up view of the participants in the Lehman collapse, especially those who saw it coming with a helpless, angry certainty. We meet the Brahmins at the top, whose reckless, pedal-to-the-floor addiction to growth finally demolished the nation’s oldest investment bank. The Wall Street we encounter here is a ruthless place, where brilliance, arrogance, ambition, greed, capacity for relentless toil, and other human traits combine in a potent mix that sometimes fuels prosperity but occasionally destroys it. The full significance of the dissolution of Lehman Brothers remains to be measured. But this much is certain: it was a devastating blow to America’s—and the world’s—financial system. And it need not have happened. This is the story of why it did.

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拉里·麦克唐纳(Larry McDonald)早年就想成为华尔街的交易员，通过持久努力的工作，拥有坚定决心的他最终达到了这个目标。麦克唐纳曾在自己的汽车外售卖猪肉，也曾假装成送披萨的人，糊弄进入公司办公室，一旦他得到一个交易头寸的下单机会，他比任何人都要努力。 　　麦克唐纳在选择目标和基点时很有远见，当他发现并且确定在可转债定价和买卖方面亟需增加透明度时，他在一个十分正确的时间创立了ConvertBond.com。 　　麦克唐纳对无尽的房地产市场的繁荣以及从中以指数成长获利的抵押放贷者持怀疑态度。麦克唐纳和他的交易团队由于对次级贷款泡沫持怀疑态度而替雷曼兄弟赚了好几百万，但是却不能说服这个大人物不参与这场次贷交易，最终免于破产的命运。他的书《常识的惨败：雷曼兄弟破产背后的故事》讲述了他的

despite the real/ not real questions questions, reading this book is like watching a stallone action movie...for good for bad

拉里·麦克唐纳(Larry McDonald)早年就想成为华尔街的交易员，通过持久努力的工作，拥有坚定决心的他最终达到了这个目标。麦克唐纳曾在自己的汽车外售卖猪肉，也曾假装成送披萨的人，糊弄进入公司办公室，一旦他得到一个交易头寸的下单机会，他比任何人都要努力。 　　麦克唐纳在选择目标和基点时很有远见，当他发现并且确定在可转债定价和买卖方面亟需增加透明度时，他在一个十分正确的时间创立了ConvertBond.com。 　　麦克唐纳对无尽的房地产市场的繁荣以及从中以指数成长获利的抵押放贷者持怀疑态度。麦克唐纳和他的交易团队由于对次级贷款泡沫持怀疑态度而替雷曼兄弟赚了好几百万，但是却不能说服这个大人物不参与这场次贷交易，最终免于破产的命运。他的书《常识的惨败：雷曼兄弟破产背后的故事》讲述了他的

3rd floor on 745th 7th Avenue huh ????

Not a journalism specimen but pretty informative, 10 years later.