Vicky Ward “The Devil’s Casino: The Fall Of Lehman
Brothers” Wiley, 2010, 245 pps
Happened to spot this book on the library bookshelf
and thought, “Why not!” I have read many
books on the 2008 crash and many have dealt with the Lehman bankruptcy, so I
did not take any extensive notes this time.
I found this book only moderately interesting, full of anecdotes and
empty of substance.
A quick summary:
In 2008, the 150-year-old financial institution
Lehman Brothers casino closed and a world-wide crisis erupted. Now it is 2014 and little has changed in the
financial industry’s casino. Ward’s book
tracks the last 25 years of Lehman’s history.
There are no heroes; her attempt to make one of Chris Pettit fails. The chief executive Richard Fuld comes across
as clueless in the hands of his evil buddy Joe Gregory.


No comments:
Post a Comment