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Wall Street’s Changing Culture
When Genius Failed is likely to be a classical primary authority.
Lowenstein is a deeply professional writer, who reduces the arcane complexities of derivative dealings to lucid prose, and focuses on the crucial components in a confusing complex story. He brings the icy precision of the battlefield surgeon to the deafening chaos of Wall Street conflict. His chilling assessments of such phenomena as the appalling Larry Hilibrand, perhaps the key force at LTCM, a strangely-diminished Alan Greenspan, and the sinister force of Goldman Sachs, are likely to prove definitive.
As a member of the Frank Veneroso/Le Métropole Café circle, and consequently feeling in possession of some first-hand knowledge of the LTCM smash, I found this book stimulating and informative. So also would others with professional involvement. This is not a book to be ignored.
frontline is made possible by contributions to your pbs station from viewers like you. thank you. with major funding from the john d. and catherine t. macarthur foundation. committed to building a more just, verdant and peaceful world. with additional funding from the park foundation. committed to raising public awareness. tonight on frontline. long before the economic meltdown. the story of one woman who tried to warn about the threat to the financial system. she saw something that people either had not seen or refused to see. and she tried to sound the warning. nobody listened. what are you trying to protect? we re trying to protect the money of the american public. i was told that she was irascible, difficult, stubborn, unreasonable. before the toxic assets poisoned the economy, she warned of their danger. and that made her the enemy of a very, very large number of people. she would fight an epic battle with one of the most powerful men in washington. h
frontline is made possible by contributions to your pbs station from viewers like you. thank you. with major funding from the john d. and catherine t. macarthur foundation. committed to building a more just, verdant and peaceful world. with additional funding from the park foundation. committed to raising public awareness. tonight on frontline. long before the economic meltdown. the story of one woman who tried to warn about the threat to the financial system. she saw something that people either had not seen or refused to see. and she tried to sound the warning. nobody listened. what are you trying to protect? we re trying to protect the money of the american public. i was told that she was irascible, difficult, stubborn, unreasonable. before the toxic assets poisoned the economy, she warned of their danger. and that made her the enemy of a very, very large number of people. she would fight an epic battle with one of the most powerful men in washington. h