Tuesday, August 31, 2010

The Lehman story

Books of Account
The Devil's Casino
Vicky Ward
( http://www.wiley.com/)

On a long street of mistakes

Lehman became ‘a culture of liars' soon after the Mexican crisis, notes the epilogue to Vicky Ward's The Devil's Casino, citing insider views. “It was then that basically the job became about ‘What are we going to spin today to hide our real difficulties?' That's when things started to slide.”

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