On the Edge of Disaster: Inside Lehman Brothers
On September 15th, 2008, the Lehman Brothers investment bank declared bankruptcy, sparking chaos on the financial markets and almost brought down the global economy. Larry McDonald was a high flying trader with the firm and one of the few people to warn of the looming collapse.
He went on to co-author A Colossal Failure of Common Sense, which told the inside story of Lehman's demise.
Bill Whiteford discusses what life was like in the bank before the crash and the culture of risk that pushed it over the edge.
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