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The Murder of Lehman Brothers : An Insider's Look at the Global Meltdown
The Murder of Lehman Brothers : An Insider's Look at the Global Meltdown
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Author(s): Tibman, Joseph
ISBN No.: 9781883283711
Pages: 244
Year: 202105
Format: Trade Paper
Price: $ 29.78
Status: Out Of Print

For the first time, Joe Tibman pulls back the kimono to share intriguing information and detail about Lehman Brothers and the economic meltdown that has never before been revealed: How Lehman Brothers almost went under 10 years earlier but was, in a lucky turn of events, rescued from the brink of disaster when the U.S. government bailed out Mexico before it defaulted on billions of dollars in bonds. How, following the September 11, 2001 terrorist attack, when the firm and its people were ripped from their home, Fuld's "One Firm" strategy finally took root, sweeping away the vestiges of internal war inside Lehman's own halls, and turning tragedy to triumph for a newly united firm where survival and success meant much more than a payday. What role did Paulson play? Cox? Bernanke? Greenspan? Geithner? Clinton? Phil Gramm? Summers? Congress? What role did George W. Bush and his posse play in creating conditions that toppled the financial markets? Could the current crisis have been averted? Read how SEC Inspector General David Kolz shouted to all who would listen that lawyers and a financial firm interfered and lost an opportunity to potentially head-off the crisis. How much does Congress really understand about the financial markets? How did PBFS - Post-Bailout Fatigue Syndrome - fuel the murder of Lehman and the resultant crumbling of the financial markets? No reporter has ever been able to uncover why the rating agencies rated subprime securities so high. These agencies have never come clean with a clear statement on this issue.


They just fired subprime analysts. For the first time in this book, Tibman discloses the key factors behind the subprime rating disaster. Book jacket.


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