Lehman Brothers: A crisis of value

by Oonagh McDonald

Using extensive documentary evidence and interviews with former Lehman employees, Oonagh McDonald reveals the decisions that led to Lehman’s collapse, investigates why the government refused a bail-out and whether the implications of this refusal were fully understood. In clear and accessible language she demonstrates both the short and long term effects of Lehman’s collapse.

Genres: Business

263 pages, Kindle Edition

First published August 27, 2015

Reviews

[Phil Mackie · Rating 5 out of 5]

The blurb on the cover includes words of praise from four professors of financial disciplines. This may give a clue about the target audience. It is probably geared more to professionals in the field than the general reader. It can be difficult to keep up at times. Nonetheless, it is a thoroughly researched work going far beyond being yet another account of the collapse of Lehman Brothers. As the title tells us, the creation and destruction of value is the cnetral them,

[Sudhagar · Rating 2 out of 5]

There is not much new in this book that you can't find in the media or other books about the 2008 GFC. Not much actually is said about how Lehmann folded, the explanation is rather generic which exposes a lack of original research from primary sources. Also the author uses too much of technical jargons that most non-financial readers would not understand.

[Patrick · Rating 2 out of 5]

If someone is interested in the detail of the downfall of Lehman, this book will provide lots of information. I amnot. I only wanted to read about the big picture for a non-specialized. If that is your profile, this is not the book for you.