Book notes: Lehman Brothers: a crisis of value, by Oonagh McDonald

lehman-brothers-a-crisis-of-value-oonagh-mcdonald

Oonagh McDonald, Lehman Brothers: a crisis of value, Manchester University Press, 2015, 288 pages

"Fifty years were spent in the process of making Europe explosive. Five days were enough to detonate it." Thus wrote Sir Basil Liddell Hart in his history of the First World War. The same might be said of the global financial crisis: years – if not decades – in the making, it was detonated over a weekend in September 2008 by the failure of an investment bank, Lehman Brothers. As Oonagh McDonald obse

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