Umfang:
x, 274 Seiten
Ausgabe:
First published
ISBN:
9781526100580
,
9781784993405
Inhalt:
"On September 12th 2008, Lehman Brothers was valued at 639 billion US dollars. On Monday 15th September, it was worth nothing. How could trillions of dollars seemingly melt into air? Lehman Brothers had a long and prestigious history, and certainly until the end of 2007 had appeared to be conducting a very successful business. Its collapse was the largest bankruptcy in American history and is widely regarded as a crucial event in triggering the turmoil in the markets that triggered the global financial crisis. In this book, Oonagh McDonald, the author of Fannie Mae and Freddie Mac, unravels the events of that fateful September weekend. Using extensive documentary evidence and interviews with former Lehman employees, she reveals the decisions that led to Lehman's collapse, looks at 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. This is a fascinating story, with very wide implications. In particular, it raises vital questions about virtual capital and artificial value. McDonald uses her study of the Lehman collapse to examine what is meant by economic value and how it should be identified and measured"--
Anmerkung:
Includes bibliographical references and index
,
Machine generated contents note:Foreword1. You could have Fuld Me. -- (Adopting an Aggressive Growth Strategy2. From Hubris to Nemesis: June to September 20083. Gotterdamerung: The Fateful Weekend4. The Long Walk Home: The Lehman Bankruptcy5.Such Stuff as Dreams are Made Of: Where does this leave valuing assets?6.I Am Forever Blowing Bubbles: Does Bankruptcy Destroy Value? 7.Lehman Brothers: We Heard You Were Dead8. Resurrection: Value after Lehman BibliographyIndex.
Weitere Ausg.:
ISBN 9781526100580
Weitere Ausg.:
Erscheint auch als Online-Ausgabe McDonald, Oonagh, 1938 - Lehman Brothers Manchester : Manchester UniversityPress, 2016 ISBN 9781526100580
Sprache:
Englisch
Fachgebiete:
Wirtschaftswissenschaften
