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The Devil's Casino: Friendship, Betrayal, and the High Stakes Games Played Inside Lehman Brothers

The Devil's Casino: Friendship, Betrayal, and the High Stakes Games Played Inside Lehman Brothers

Vicky Ward

ISBN: 978-1-118-01149-2

Apr 2011

288 pages

In Stock

$16.95

Description

The inside story of what really happened at Lehman Brothers and why it failed

In The Devil's Casino: Friendship, Betrayal, and the High Stakes Games Played Inside Lehman Brothers, investigative writer and Vanity Fair contributing editor Vicky Ward takes readers inside Lehman's highly charged offices. What Ward uncovers is a much bigger story than Lehman losing at the risky game of collateralized debt obligations, swaps, and leverage.

A can't put it down page turner that opens the world of Wall Street to view unlike any book since Bonfire of the Vanities, except that The Devil's Casino isn't fiction.

  • Details what went on behind-the-scenes the weekend Lehman Brothers failed, as well as inside Lehman during the twenty years preceding it
  • Describes the feudal culture that proved both Lehman's strength and its Achilles' heel
  • Written by Vicky Ward, one of today's most connected business and finance writers

On Wall Street, Lehman Brothers was cheekily known as "the cat with nine lives." But as The Devil's Casino documents, this cat pushed its luck too far and died?the victim of men and women blinded by arrogance.

Cast of Characters.

Prologue.

Part One: The Ponderosa Boys.

Chapter 1. A Long, Hot Summer.

Chapter 2. The Beginning.

Chapter 3. The Captain.

Chapter 4. The “Take-Under”.

Chapter 5. Slamex.

Chapter 6. The Phoenix Rises.

Chapter 7. Independence Day.

Chapter 8. The Stiletto.

Chapter 9. The Ides of March.

Chapter 10. Eulogies.

Part Two: The Echo Chamber.

Chapter 11. Russian Winter.

Chapter 12. Lehman’s Desperate Housewives.

Chapter 13. The Young Lions.

Chapter 14. 9/11.

Chapter 15. No Ordinary Joe.

Chapter 16. The Talking Head.

Chapter 17. The Sacrificial Ram.

Chapter 18. Korea’s Rising Sum.

Chapter 19. The Wart on the End of Lehman’s Nose.

Chapter 20. Damned Flood?

Chapter 21. Closing the Books.

Epilogue.

A Note About the Sources.

Notes.

References.

Acknowledgments.

Index.