Lawrence G. McDonald is co-author of the New York Times best seller A Colossal Failure of Common Sense: The Inside Story of the Collapse of Lehman Brothers.
On September 15, 2008, Lehman Brothers financial services firm filed for Chapter 11 bankruptcy. With over $600 billion in assets, it is the largest bankruptcy filing in U.S. history.
Larry, a former Vice President at Lehman Brothers in New York, gives us an insider’s look at why one of our country’s leading investment banks collapsed. Larry regularly appears on CNBC’s Fast Money and Squawk Box and is a highly sought after speaker on global finance around the world.
In my interview with Larry, he describes how the U.S. economy is linked to the world economy and what this means to us as Americans. He also points out some of the warning signs employees and investors may see in a company that is deteriorating financially.