O'Reilly logo

Greed and Glory on Wall Street: The Fall of the House of Lehman by Ken Auletta

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

The fall of the house of Lehman opens a window onto the turbulent changes taking place on Wall Street, and within capitalism. Looking through that window, different people seize on different explanations to describe what they see.

One school sees the sale of Lehman as inevitable, brought about primarily by capital needs and institutional forces beyond the control of Pete Peterson, Lew Glucksman or any mere mortal. Individuals may have made mistakes that hastened what happened to Lehman by a year—or five—but to this way of thinking, the sale was inevitable because private partnerships that try to compete with financial superpowers are doomed.

“Five years from now there wouldn’t have been a Lehman Brothers,” Peter Cohen said eight weeks after the ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required