Laura Richardson’s Reviews > Crash of the Titans: Greed, Hubris, the Fall of Merrill Lynch, and the Near-Collapse of Bank of America > Status Update

Focusing on just one firm makes it easier to follow the progress of the crash. Oddly enough I feel bad for the execs in January 2008 who don’t yet know the extent of the future crash. Good highlight on how separating risk management from first line can result in quick return decisions that puts the firm in a bad risk position in the future