LEADER 03539 am 22005773u 450 001 9910137070003321 005 20230621141047.0 035 $a(CKB)3710000000834114 035 $a(oapen)https://directory.doabooks.org/handle/20.500.12854/29120 035 $a(EXLCZ)993710000000834114 100 $a20160829h20162016 fy 0 101 0 $aeng 135 $aurcn#nnn||||| 181 $ctxt$2rdacontent 182 $cc$2rdamedia 183 $acr$2rdacarrier 200 10$aLehman Brothers $ea crisis of value /$fOonagh McDonald 210 $cManchester University Press$d2016 210 1$aManchester, England :$cManchester University Press,$d2016 210 4$dİ2016 215 $a1 online resource (x, 274 pages) $cillustrations 225 0 $aOpen Access e-Books 225 0 $aKnowledge Unlatched 311 $a1-5261-0058-4 320 $aIncludes bibliographical references and index. 327 $a1. From cotton trader to investment banker: 1844-2008 -- 2. From hubris to nemesis: January to September 2008 -- 3. The fateful weekend -- 4. Regulating the ?Big Five? -- 5. The largest bankruptcy in American history -- 6. The destruction of value -- 7. Lehman's valuation of its assets -- 8. Measuring value -- 9. Monitoring value -- 10. Chasing a chimera? -- Appendix 1. The Lehman Brothers Board of Directors in 2007 -- Appendix 2. The Lehman Brothers Corporate Structure. 330 3 $aOn 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. 606 $aGlobal Financial Crisis, 2008-2009 606 $aBank failures$zUnited States$xHistory$y21st century 606 $aInvestment banking$zNew York (State)$zNew York$xHistory 606 $aFinancial crises$zUnited States 610 $adebt 610 $aeconomy 610 $alehman brothers 610 $abankruptcy 610 $aglobal financial crisis 610 $abanking 610 $acrash 610 $acapital 615 0$aGlobal Financial Crisis, 2008-2009. 615 0$aBank failures$xHistory 615 0$aInvestment banking$xHistory. 615 0$aFinancial crises 676 $a332.620973 700 $aMcDonald$b Oonagh$0802065 801 2$bUkMaJRU 801 2$bAuAdUSA 906 $aBOOK 912 $a9910137070003321 996 $aLehman Brothers$92144740 997 $aUNINA