A Colossal Failure of Common Sense

In "A Colossal Failure of Common Sense," former Lehman Brothers Vice President Larry McDonald provides an insider's perspective on the catastrophic collapse of the investment bank that sent shockwaves through the global economy. Through a personal narrative detailing his rise from humble beginnings to the intense environment of Wall Street, McDonald explores the culture and unspoken rules driving the reckless decisions of Lehman's leadership. The book highlights the insights of those who foresaw the impending disaster and examines the potent mix of ambition, greed, and brilliance that characterized a financial titan on the brink of failure.