Lawrence McDonald

All this week we're telling the stories behind the unraveling of our financial system in two minutes or less. Today, we look at the one year anniversary of investment giant Lehman Brothers filing for bankruptcy. This segment contains excerpts from an interview we conducted in July of this year with ...

All week long we are reviewing the year that was: the year that marked the beginning of the financial meltdown and the recession that we continue to live through. Today we are focusin...

Lawrence McDonald, former Lehman Brothers vice president, explains what happened at Lehman Brothers and why the financial services firm was allowed to fail. In A Colossal Failure of Common Sense: The Inside Story of the Collapse of Lehman Brothers, he reveals the ruthless, arrogant Wall Street culture and unspoken ...