Lawrence McDonald on The Fall of Lehman Brothers

A Colossal Failure of Common Sense
Listen to the entire interview here.
http://www.wnyc.org/shows/lopate/episodes/2009/07/24/segments/136994

Lawrence McDonald, former Lehman Brothers vice president, explains what happened at Lehman Brothers and why the financial services firm was allowed to fail. In A Colossal Failure of Common Sense: The Inside Story of the Collapse of Lehman Brothers, he reveals the ruthless, arrogant Wall Street culture and unspoken rules of the game, and gives us an insider's view of the participants in the Lehman collapse, especially those who saw it coming.

Category:

News & Politics

Tags:

• Lawrence McDonald
• Lehman Brothers
• WNYC
• Leonard Lopate

[PaulLeary]

The smartest guys in the room comes to mind...

[wooders1000]

gimp

[tommycog1]

yes, the whistleblower comes forward after the explosion, a real trooper will expose well before and sacrifice the paycheck. paychecks are blood to people.

[CaniPaul1]

@eatandtravel Him and his cronies!

[StevenWuttke]

@blaktalez

What, and get blacklisted in the industry, making it impossible for them to find a new job...

Besides, from my knowledge, a lot of people were predicting it. The only reason it didn't go mainstream is because no-one gave a toss about a few pessimists in a 'bull' market. Also, all the top ranking officials in the fed and sec are all ex-WS.

Think about it...

[DoBrigh]

going to work at 6:30!!  i know 65 year old ladies who go to work at 3am and they dont have 'coat lockers' and if they are late they get fired. im glad the guy is trying to explain wall street but ... he seems a little disconnected.

[blaktalez]

I'm reading his book rite now which is good but irratating, if him & the others he mentioned were so all knowing that shit was gonna explode then they're all a buncha douche bags for not yelling it from the highest mountain!! Instead they tried to keep the greed going by continuously shorting the market when they shoulda been on every news outlet or newspaper giving up game

[eatandtravel]

LOL! This cocksucker wants to blame Fuld. This clown needs to look in the mirror.

[zweiguy33]

youre a homo lawrence