The Devil's Casino : Friendship, Betrayal, and the High Stakes Games Played Inside Lehman Brothers, Hardback Book

The Devil's Casino : Friendship, Betrayal, and the High Stakes Games Played Inside Lehman Brothers Hardback

3 out of 5 (1 rating)

Description

The inside story of what really happened at Lehman Brothers and why it failed In The Devil's Casino: Friendship, Betrayal, and the High Stakes Games Played Inside Lehman Brothers, investigative writer and Vanity Fair contributing editor Vicky Ward takes readers inside Lehman's highly charged offices.

What Ward uncovers is a much bigger story than Lehman losing at the risky game of collateralized debt obligations, swaps, and leverage.

A can't put it down page turner that opens the world of Wall Street to view unlike any book since Bonfire of the Vanities, except that The Devil's Casino isn't fiction.

Details what went on behind-the-scenes the weekend Lehman Brothers failed, as well as inside Lehman during the twenty years preceding itDescribes the feudal culture that proved both Lehman's strength and its Achilles' heelWritten by Vicky Ward, one of today's most connected business and finance writers On Wall Street, Lehman Brothers was cheekily known as "the cat with nine lives." But as The Devil's Casino documents, this cat pushed its luck too far and died?the victim of men and women blinded by arrogance.

Information

  • Format: Hardback
  • Pages: 288 pages
  • Publisher: John Wiley and Sons Ltd
  • Publication Date:
  • Category: Financial crises & disasters
  • ISBN: 9780470540862

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This is an account of the history of Lehman Brothers, which filed for bankruptcy on Sept 15, 2008. The author is a Britsh-born investigative reporter. The author did much interviewing and tells an exciting story, But the story is much more likely to be understood by someone in the same business as Lehman Brothers was in. There is not much expalanation as to how Lehman Brothers operated and I would have appreciated more detail in regard to the actual things Lehman Brothers did. One cannot help but be repelled by the extravagant life style of the people involved in the crash of the company and naively feeling that they brought their troubles on themselves.

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