Listen to A Colossal Failure of Common Sense: The Inside Story of the Collapse of Lehman Brothers by Lawrence G. McDonald
Enjoy this audiobook with MP3 Audiobook Player - the ultimate iOS audiobook experience
One of the biggest questions of the financial crisis has not been answered until now: What happened at Lehman Brothers and why was it allowed to fail, with aftershocks that rocked the global economy? In this news-making, often astonishing book, a former Lehman Brothers Vice President gives us the straight answers—right from the belly of the beast. In A Colossal Failure of Common Sense, Larry McDonald, a Wall Street insider, reveals, the culture and unspoken rules of the game like no book has ever done. The book is couched in the very human story of Larry McDonald’s Horatio Alger-like rise from a Massachusetts “gateway to nowhere” housing project to the New York headquarters of Lehman Brothers, home of one of the world’s toughest trading floors. We get a close-up view of the participants in the Lehman collapse, especially those who saw it coming with a helpless, angry certainty. We meet the Brahmins at the top, whose reckless, pedal-to-the-floor addiction to growth finally demolished the nation’ s oldest investment bank. The Wall Street we encounter here is a ruthless place, where brilliance, arrogance, ambition, greed, capacity for relentless toil, and other human traits combine in a potent mix that sometimes fuels prosperity but occasionally destroys it. The full significance of the dissolution of Lehman Brothers remains to be measured. But this much is certain: it was a devastating blow to America’s—and the world’s—financial system. And it need not have happened. This is the story of why it did.
I'm grateful for ListenBook's seamless compatibility with a variety of formats – it's a true lifesaver. I'm blown away by how this app has made my workouts more enjoyable and my mind more active.
I'm hooked on this app's ability to make every moment a reading moment. With this app, reading is no longer confined to a specific time or place. Quick access to chapters is a blessing. No more scrolling through endless content. Smooth playback and great sound quality. ListenBook is my new favorite app!
ListenBook has completely changed my audiobook experience – it's like having a personal audio library. This app has made audiobook listening an integral part of my daily routine – it's a habit I cherish. I'm amazed at how this app has made my daily activities more enjoyable and intellectually stimulating. ListenBook's sharing options make it a breeze to connect with fellow audiobook enthusiasts and share recommendations.
I've never been this excited about my daily commute – thank you, audiobooks! The app's performance is unparalleled. It's like it's tailor-made for my device.
ListenBook's user-friendly interface and precise controls make it a joy to use every day. This app has turned even the most ordinary moments into reading sessions. 🏝️ Basking in the sun while indulging in literary adventures – this app makes outdoor relaxation even better. ☀️📖
🚶♀️🌌 This app's functionality makes every walk an adventure – I'm immersed in stories as I explore the world around me. 🏞️📖 The audio filters make a noticeable difference. ListenBook provides an excellent listening experience.
Plays MP3, MP4, OPUS, OGG, FLAC, AWB, M4B, M4A, WMA, AAC formats
Optimized for iPhone, iPad, and iPod with seamless integration
Adjust playback speed from 0.5x to 3.0x for your listening preference
Import audiobooks via iTunes, cloud services, or direct downloads
Get your favorite audiobooks in supported formats from various sources
Import audiobooks to MP3 Audiobook Player using multiple methods
Control playback from your device, headphones, Apple Watch, or CarPlay
Join thousands of users who enjoy audiobooks with MP3 Audiobook Player daily
Download Now