Oonagh McDonald
Auteur van Lehman Brothers : A Crisis of Value
Over de Auteur
Oonagh McDonald is an international financial regulatory expert. She was a member of the UK parliament for Thurrock in Essex (1976-87) and a member of the front-bench Treasury team from 1983-87. She is the author of several books, including Fannie Mae and Freddie Mac: Turning the American Dream toon meer into a Nightmare (2012). She was awarded the CBE in 1998, for services to financial regulation and business toon minder
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- 8
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- 30
- Populariteit
- #449,942
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- 5.0
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- 27
Lehman, including the oft cited effect of the repeal of Glass-Steagall ( it wasn't really repealed) and nobody else other than Lehman among the brokers fell. She also says that Paulson could have rescued Lehman and should have; she does not understand that Paulson, as an ex:CEO of Goldman Sachs, hated Lehman and dismissed Bear Stearns as a nothing.
The final verdict is against Dick Fuld, who as the dominant Chairman, had his way period, and fired anyone who would disagree with him, as well as the lax regulatory environment of the time. She treats the regulators as the idiots they are;
neither Paulson nor Bernanke nor Geithner had a clue as to what the effect of a Lehman bankruptcy would be.… (meer)