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Lawrence McDonald on The Fall of Lehman Brothers

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Published on Jul 24, 2009

A Colossal Failure of Common Sense
Listen to the entire interview here.
http://www.wnyc.org/shows/lopate/epis...

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.

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