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A Colossal Failure of Common Sense

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A Colossal Failure of Common Sense by Lawrence G. McDonald and Patrick Robinson
Oct 12, 2010 | 368 Pages
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    Oct 12, 2010 | 368 Pages

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    Oct 12, 2010 | 368 Pages

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“…gives the readers a visceral sense of what it was like to work at Lehman Brothers and the fateful decisions and events that led to the company’s death spiral…”
—Michiko Kakutani, The New York Times

“Highly readable…A Colossal Failure of Common Sense largely rings true. It expresses the anger that many former Lehman employees still feel toward Mr. Fuld. And it convincingly characterizes the investment bank as a house divided against itself, between the bears who had foreseen bubbles and the bulls who wrongly believed that this time was different.”
—The Economist

“… describes a CEO ­acting as if his firm was too big to fail.”
—Wall Street Journal

“…poignantly told…from an insider [who] witnessed, often in amazement and disgust, the corporate dysfunction and hubristic leadership that led to [Lehman’s] demise.”

“…engaging and even funny.”

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