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Anonymous

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  • A Colossal Failure of Common Sense: The Inside Story of the Collapse of Lehman Brothers

    • UNABRIDGED (16 hrs and 38 mins)
    • By Patrick Robinson, Lawrence G. McDonald
    • Narrated By Erik Davies
    • Whispersync for Voice-ready
    Overall
    (109)
    Performance
    (23)
    Story
    (22)

    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.

    Susan says: "First take: Tale of the narcissist"
    "Dubious account."
    Overall

    The value of this book is that its focus is on the Lehman Brothers collapse. In conjunction with other books such as Chain of Blame, House of Cards, and Trillion Dollar Meltdown, I found it informative. It is hard to fully understand the collapse of Lehman Brothers without also understanding the collapse of Bear Sterns and Countrywide as well the many other events. This book serves as another piece to the puzzle.

    However, I agree with other reviewers who stated that this book is the "tale of the narcissist." The personal narrative sections are very off-putting. Even the descriptions of the author's co-workers I suspect are exaggeration. In short, the author is very self-aggrandizing, which makes me skeptical of the first person events he describes.

    However, about 60% of the narrative deals with the bigger picture of the collapse of Lehman and the financial crises in general. I found this portion of the book useful in better understanding the events which precipitated and transpired during the financial crises of 2008.

    I recommend this book in conjunction with other, more reliable sources, for those interested in better understanding the role the collapse of Lehmans's played in the financial crises of 2008.

    3 of 3 people found this review helpful

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