Lehman Brothers
"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...
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| Autor principal: | |
|---|---|
| Formato: | Online |
| Lenguaje: | inglés |
| Publicado: |
Manchester University Press
2021
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| Materias: | |
| Acceso en línea: | 614070 |
| Etiquetas: |
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| _version_ | 1863737345643118592 |
|---|---|
| author | McDonald, Oonagh |
| author_browse | McDonald, Oonagh |
| author_facet | McDonald, Oonagh |
| author_sort | McDonald, Oonagh |
| collection | Directory of Open Access Books |
| description | "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." |
| format | Online |
| id | doab-20.500.12854ir-29120 |
| institution | Directory of Open Access Books |
| language | eng |
| publishDate | 2021 |
| publishDateRange | 2021 |
| publishDateSort | 2021 |
| publisher | Manchester University Press |
| publisherStr | Manchester University Press |
| record_format | ojs |
| spelling | doab-20.500.12854ir-291202025-07-21T15:57:08Z Lehman Brothers McDonald, Oonagh debt economy lehman brothers bankruptcy global financial crisis banking crash capital thema EDItEUR::K Economics, Finance, Business and Management::KC Economics thema EDItEUR::K Economics, Finance, Business and Management::KF Finance and accounting::KFF Finance and the finance industry::KFFK Banking thema EDItEUR::K Economics, Finance, Business and Management::KC Economics thema EDItEUR::K Economics, Finance, Business and Management::KF Finance and accounting::KFF Finance and the finance industry::KFFK Banking "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." 2021-02-10T12:58:18Z 2016-12-31 23:55:55 2019-12-03 08:32:13 2020-04-01T13:59:50Z 2016 book 614070 OCN: 972059119 http://library.oapen.org/handle/20.500.12657/32161 9781526100580 https://directory.doabooks.org/handle/20.500.12854/29120 eng open access image/png image/png image/png image/png Attribution-NonCommercial 4.0 International Attribution-NonCommercial 4.0 International Attribution-NonCommercial 4.0 International Attribution-NonCommercial 4.0 International https://library.oapen.org/bitstream/20.500.12657/32161/1/XHTML5%20%288%29.zip https://library.oapen.org/bitstream/20.500.12657/32161/1/XHTML5%20%288%29.zip https://library.oapen.org/bitstream/20.500.12657/32161/1/XHTML5%20%288%29.zip https://library.oapen.org/bitstream/20.500.12657/32161/1/XHTML5%20%288%29.zip Manchester University Press 10.7765/9781526100580 10.7765/9781526100580 bcb4ab08-c525-4e6c-88e5-a0cf0a175533 9781526100580 288 open access |
| spellingShingle | debt economy lehman brothers bankruptcy global financial crisis banking crash capital thema EDItEUR::K Economics, Finance, Business and Management::KC Economics thema EDItEUR::K Economics, Finance, Business and Management::KF Finance and accounting::KFF Finance and the finance industry::KFFK Banking thema EDItEUR::K Economics, Finance, Business and Management::KC Economics thema EDItEUR::K Economics, Finance, Business and Management::KF Finance and accounting::KFF Finance and the finance industry::KFFK Banking McDonald, Oonagh Lehman Brothers |
| title | Lehman Brothers |
| title_full | Lehman Brothers |
| title_fullStr | Lehman Brothers |
| title_full_unstemmed | Lehman Brothers |
| title_short | Lehman Brothers |
| title_sort | lehman brothers |
| topic | debt economy lehman brothers bankruptcy global financial crisis banking crash capital thema EDItEUR::K Economics, Finance, Business and Management::KC Economics thema EDItEUR::K Economics, Finance, Business and Management::KF Finance and accounting::KFF Finance and the finance industry::KFFK Banking thema EDItEUR::K Economics, Finance, Business and Management::KC Economics thema EDItEUR::K Economics, Finance, Business and Management::KF Finance and accounting::KFF Finance and the finance industry::KFFK Banking |
| topic_facet | debt economy lehman brothers bankruptcy global financial crisis banking crash capital thema EDItEUR::K Economics, Finance, Business and Management::KC Economics thema EDItEUR::K Economics, Finance, Business and Management::KF Finance and accounting::KFF Finance and the finance industry::KFFK Banking thema EDItEUR::K Economics, Finance, Business and Management::KC Economics thema EDItEUR::K Economics, Finance, Business and Management::KF Finance and accounting::KFF Finance and the finance industry::KFFK Banking |
| url | 614070 |
| work_keys_str_mv | AT mcdonaldoonagh lehmanbrothers |