THE eagerly awaited Wall Street exposé . Written by a perfect combination of authors. By Lawrence G McDonald, the hard-driving Lehman Brothers trading Vice President, and the #1 New York Times bestselling author Patrick Robinson, the man who wrote Lone Survivor for the Navy SEAL Marcus Luttrell.

Direct from the heart of Lehman Brothers, the bank that smashed the world economy. An incredible blow-the-lid-off account of the greed, the misjudgements, the dreadful stupidity of men who should have known better. Revealed by a man who was there, the eyewitness, Larry McDonald. Anyone, laymen or expert, can understand the crucible of a Wall Street trading floor. This is a black box of secrets. And now Larry McDonald rips the lid off.

Pre-order your copy on AMAZON.COMcolossalbullapproved

They stand alone – the zillion-dollar questions of the financial crisis : What the hell happened at Lehman Brothers? And why was it allowed to fail, with aftershocks that rocked the global economy? In this news-making, often astonishing book, a former Vice-President of Lehman gives us the straight answers – right from-the-belly-of-the-beast. Larry McDonald is the first senior Wall Street trader ever to write such an exposé – revealing at last the culture and unspoken rules of the game like no book has ever achieved before.

A Colossal Failure of Common Sense is couched in the very human story of McDonald’s Horatio Alger-like rise from a Massachusetts “gateway to nowhere” housing project, to the New York headquarters of Lehman Brothers, home to one of the toughest trading floors in the world. He posed as a pizza delivery man to get past receptionists, to score interviews at brokerage firms. He peddled frozen pork chops, door to door, to hone his sales skills, desperate to realize his dream of working on Wall Street.

We get a close-up view of the other participants in the Lehman collapse, those who saw it coming with a helpless, angry certainty. We meet the Brahmins at the top, whose reckless, pedal-to-the-floor addiction to growth finally demolished the nation’s oldest investment bank. The Wall Street we encounter is a ruthless place, where brilliance, arrogance, ambition, greed, and all the human traits, combine in a potent mix that sometimes fuels prosperity, but sometimes destroys it.

McDonald’s gripping story of the firm’s death spiral is a modern-day thriller, studded with incredible, insider revelations no one else knows, or would dare reveal.

The collapse of Lehman Brothers was no surprise and didn’t have to happen. In fact, CEO Richard Fuld and President Joe Gregory were confronted with warnings on three occasions — starting as far back as 2005 — that the property market, on which they were betting the ranch, was teetering toward collapse. Fuld and Gregory turned their backs each time.

McDonald paints a vivid picture of life inside Lehman, where the isolated and reclusive chief executive ‘reigned’ in his sumptuous 31st floor office, accessible only by private elevator. From this Ivory Tower so much of the firm’s brightest talent was driven out of the door. The full significance of the Lehman bankruptcy remains to be measured. But this much is certain: it was a devastating blow to both America and the world beyond. And it need not have happened. This is the story of why it did.

The Authors

LAWRENCE G. McDONALD was, until 2008, vice president of distressed debt and convertible securities trading at Lehman Brothers. He ran an extremely successful joint venture between the firm’s fixed income and equity divisions and was one of Lehman’s most consistently profitable traders, responsible for bringing in over $83 million in trading profits. He was heralded by many colleagues at Lehman for both his early 2006 call on the subprime crisis and the $46 million in trading profits realized from it. Mr. McDonald is also co-founder of, named by Forbes magazine as “Best of the Web” from 2000-2003, specifically citing it as the web’s premier source for convertible securities information, valuation and news. In October 1999, before the dot-com crash, the site was successfully sold to Morgan Stanley and remains a property of that firm.

PATRICK ROBINSON wrote Lone Survivor for the US Navy SEAL Marcus Luttrell, It was one of the biggest selling military books ever published, 1 on the New York Times bestseller list for months in 2007. Mr. Robinson is also known for his bestselling US Navy-based ‘techno-thrillers’. The autobiography, which he wrote for Admiral Sir Sandy Woodward, One Hunded Days, was an international bestseller. He lives in Ireland, and spends his summers on Cape Cod, Massachusetts, where he and Larry McDonald sail together.

Pre-order your copy on AMAZON.COM

8 Responses to “LEHMAN BOOK”

  1. 1 Norman Lai May 4, 2009 at 1:32 am

    If I order from Amazon now, when will I get it. Does it have to be July 21, 2009. Is preview possible? Thanks very much!

    I am not related to any of those financial institutions, just a small investor longing to know more.


  2. 2 lawrencegmcdonald May 4, 2009 at 1:44 am

    Amazon starts shipping books on June 21st… a month before the book is in the shops. So you’ll get it in late June if you order now.

  3. 3 zelda May 4, 2009 at 6:03 pm

    I look forward to your book.

  4. 5 Marc May 4, 2009 at 11:59 pm

    It is now sitting in my Amazon cart – that’s a friendly price for a hardcover! Looking forward to the read, and to gaining some insights along the way.

    I’m soon to graduate from Brooklyn College with a degree in Accounting – a late career change for me – and need all the help I can get in this economy at my age. I have experience, but that seems to count for little these days when you’re pushing 40 and starting again in a new town. Wish me luck – I wish the same to you.

  5. 6 Tina Johnson May 17, 2009 at 6:00 am

    ….rules of the game, they made their own rules and played to game, entrenched in a web of greed that was so complex it ate them up. The trillions pledged for rescue has to be explained so the tax payer gets the bill and therefore another cover up. Let us believe that morality will prevail.

  1. 1 Warren Buffett’s ingenious little float. « Lehman Brothers Book Trackback on May 5, 2009 at 2:50 pm
  2. 2 Financial Crisis Explained – The Asparagus Connection « Lehman Brothers Book Trackback on May 8, 2009 at 9:59 am

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