Jump to ContentJump to Main Navigation

You are looking at 1-11 of 11 items for:

  • Keywords: Global financial crisis x
  • Political Economy x
Clear All Modify Search

View:

Lehman Brothers: A Crisis of Value

Oonagh McDonald

Published in print:
2015
Published Online:
May 2016
ISBN:
9781784993405
eISBN:
9781526103956
Item type:
book
Publisher:
Manchester University Press
DOI:
10.7228/manchester/9781784993405.001.0001
Subject:
Political Science, Political Economy

On September 12th 2008, Lehman Brothers was valued at 639 billion US dollars. On Monday 15th September, it was worth nothing. How could trillions of dollars seemingly melt into air? Lehman Brothers ... More


The Fateful Weekend

Oonagh McDonald

in Lehman Brothers: A Crisis of Value

Published in print:
2015
Published Online:
May 2016
ISBN:
9781784993405
eISBN:
9781526103956
Item type:
chapter
Publisher:
Manchester University Press
DOI:
10.7228/manchester/9781784993405.003.0003
Subject:
Political Science, Political Economy

This chapter will give an account of the weekend in September, 2008. It will provide a description of that weekend, but the focus will be on the reasons provided by Henry Paulson, Treasury Secretary ... More


From Hubris to Nemesis: January to September 2008

Oonagh McDonald

in Lehman Brothers: A Crisis of Value

Published in print:
2015
Published Online:
May 2016
ISBN:
9781784993405
eISBN:
9781526103956
Item type:
chapter
Publisher:
Manchester University Press
DOI:
10.7228/manchester/9781784993405.003.0002
Subject:
Political Science, Political Economy

2008 began well for Lehman with the announcement in January of their financial report for the year ending November 30, 2007, showing record revenues of nearly $60 bn and record earnings of $4bn. This ... More


Lehman’s Valuation of Its Assets

Oonagh McDonald

in Lehman Brothers: A Crisis of Value

Published in print:
2015
Published Online:
May 2016
ISBN:
9781784993405
eISBN:
9781526103956
Item type:
chapter
Publisher:
Manchester University Press
DOI:
10.7228/manchester/9781784993405.003.0007
Subject:
Political Science, Political Economy

The purpose of this chapter is to examine the whole issue of valuing Lehman’s assets. This is a more complex subject than it may first appear. The way in which Lehman valued its assets has to be set ... More


The Destruction of Value

Oonagh McDonald

in Lehman Brothers: A Crisis of Value

Published in print:
2015
Published Online:
May 2016
ISBN:
9781784993405
eISBN:
9781526103956
Item type:
chapter
Publisher:
Manchester University Press
DOI:
10.7228/manchester/9781784993405.003.0006
Subject:
Political Science, Political Economy

After September 2008, many argued that Lehman’s chaotic bankruptcy filing destroyed billions in value. The main destruction of value, it is said, came from the bankruptcy filing of Lehman Holdings, ... More


Monitoring Value

Oonagh McDonald

in Lehman Brothers: A Crisis of Value

Published in print:
2015
Published Online:
May 2016
ISBN:
9781784993405
eISBN:
9781526103956
Item type:
chapter
Publisher:
Manchester University Press
DOI:
10.7228/manchester/9781784993405.003.0009
Subject:
Political Science, Political Economy

The purpose of this chapter is to consider who should have been responsible for keeping an eye on the value of assets in which Lehman Brothers chose to invest heavily, and on its risk management ... More


The Largest Bankruptcy in American History

Oonagh McDonald

in Lehman Brothers: A Crisis of Value

Published in print:
2015
Published Online:
May 2016
ISBN:
9781784993405
eISBN:
9781526103956
Item type:
chapter
Publisher:
Manchester University Press
DOI:
10.7228/manchester/9781784993405.003.0005
Subject:
Political Science, Political Economy

If Lehman had had proper risk mitigation, appropriate risk management techniques, understood and applied consistently throughout the company, had measured, monitored and managed liquidity risk and ... More


Chasing a Chimera?

Oonagh McDonald

in Lehman Brothers: A Crisis of Value

Published in print:
2015
Published Online:
May 2016
ISBN:
9781784993405
eISBN:
9781526103956
Item type:
chapter
Publisher:
Manchester University Press
DOI:
10.7228/manchester/9781784993405.003.0010
Subject:
Political Science, Political Economy

Central bankers believed that market prices could be trusted and that bubbles either did not exist or could not be identified before they occurred, or even that they were beneficial for growth. ... More


Regulating the ‘Big Five’

Oonagh McDonald

in Lehman Brothers: A Crisis of Value

Published in print:
2015
Published Online:
May 2016
ISBN:
9781784993405
eISBN:
9781526103956
Item type:
chapter
Publisher:
Manchester University Press
DOI:
10.7228/manchester/9781784993405.003.0004
Subject:
Political Science, Political Economy

This chapter will examine the regulation of the Big Five investment banks in the context of the changes which took place in the structure of banking after the repeal of the Glass-Steagall Act and the ... More


Measuring Value

Oonagh McDonald

in Lehman Brothers: A Crisis of Value

Published in print:
2015
Published Online:
May 2016
ISBN:
9781784993405
eISBN:
9781526103956
Item type:
chapter
Publisher:
Manchester University Press
DOI:
10.7228/manchester/9781784993405.003.0008
Subject:
Political Science, Political Economy

The purpose of this chapter is to set out the difficulties of valuing both complex financial instruments and real estate, and especially commercial real estate and development land. These are issues ... More


From Cotton Trader to Investment Banker: 1844–2008

Oonagh McDonald

in Lehman Brothers: A Crisis of Value

Published in print:
2015
Published Online:
May 2016
ISBN:
9781784993405
eISBN:
9781526103956
Item type:
chapter
Publisher:
Manchester University Press
DOI:
10.7228/manchester/9781784993405.003.0001
Subject:
Political Science, Political Economy

Explains why Fuld adopted his aggressive growth strategy, seeking an annual growth rate in revenues of 13%, supported by an ‘even faster increase in the firm’s balance sheet, total capital base and ... More


View: