Could Lehman Have Been Saved? 7/22/2009
Lawrence G. McDonald, the author of “A Colossal Failure of Common Sense: The Inside Story of the Collapse of Lehman Brothers,” speaks to WSJ’s Dennis Berman about what went wrong at the top of the firm.
The New York Times
Neil M. Barofsky is not a household name like some special investigators of the past — Kenneth Starr during the Clinton administration or Archibald Cox in the Watergate years.
But increasingly, Mr. Barofsky …
Discussing whether the methods banks use to disguise debt is unethical or not, with Ron Geffner, former SEC enforcement attorney/Sadis & Goldberg and Lawrence McDonald, A Colosssal Failure of Common Sense: The Inside Story of the Collapse of Lehman Brothers author.
For there, in that sun-drenched Caribbean paradise,
set 170 miles south of the western end of Castro’s Cuba,
Lehman, in company with several other investment banks,
held a controlling hand over a succession of hidden
Trusts.
This all the media featuring Lawrence McDonald discussing his book, “A Colossal Failure Of Common Sense.”
The Pangea strategy recorded another positive month in November. The fund was up 6.21% (net of expenses and commissions but before management and performance fees) as it was positioned opportunistically across assets throughout the month.
Like a junkie that has to get a fix to maintain the same high, the U.S. Government deficit spending addiction has expanded for the last 30 years at approximately the same 10% compounded annual rate of the growth during the tumultuous three decades that included the Great Depression, World War II and the Cold War.
Discussing whether Fed chief Bernanke was too honest with the markets, with Lawrence McDonald, Pangea Capital Management.
Inside Lehman’s CollapseLawrence McDonald, author of the bestseller “A Colossal Failure of Common Sense,” tells the inside story of the collapse of Lehman Brothers.
Dear Mr McDonald, I ordered a copy of your book from the USA and thought it was importan, well written and an invalable to understanding the crisis. But I went into Harrods in London yesterday and noticed that most books on the crisis were there but not your book. I inquired and was told: “The publishers here did a very small print run and we have been unable to give customers what they want. We have been waiting for weeks” I would like to add some more but am not sure if this will get through.
I assume it is getting through, so I will just add this. Books are valuable and influential which is why the Nazis burnt them. Back in 1960, at the age of 25, I was called into the office of the head of Reuter’s Bonn office by Gerry Long. He offered me a job after I had complEted a month’s trial. I saw a side of him that not many saw after he took over control of Reuter. He said: “Our job is the documentation of history”.He then went on to demonstrate his love and knowledge of German literature; he was also an expert on French literature too. Your book is too valuable to be sidelined, however much city insiders might like it to be. But one question: Was the value of the entire US real estate £23 trillion in 2007 - about thee same size as the CDS market. P.218, I think but I don’t have the book in front of me.