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The Devil's Casino

Friendship, Betrayal, and the High Stakes Games Played Inside Lehman Brothers
By Vicky Ward
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Book Hero Magic crafted this summary to help describe this book. While it's new and still learning, it may not be perfect - your feedback is welcome! Summary
The Devil's Casino by Vicky Ward offers an insider's view into the rise and fall of Lehman Brothers. Through detailed investigation, Ward reveals the complex culture and high-stakes decisions within the firm that led to one of the most dramatic collapses in financial history. The book uncovers the human stories of betrayal and ambition amid the risky financial games that ultimately doomed the bank.
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Format: Paperback / softback
$4700

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Book Hero Magic created this recommendation. While it's new and still learning, it may not be perfect - your feedback is welcome! IS THIS YOUR NEXT READ?

This book is ideal for readers fascinated by finance, Wall Street culture, and contemporary history. It suits those interested in understanding the 2008 financial crisis from a deeply informed, narrative perspective.

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The inside story of what really happened at Lehman Brothers and why it failed In The Devil's Casino: Friendship, Betrayal, and the High Stakes Games Played Inside Lehman Brothers, investigative writer and Vanity Fair contributing editor Vicky Ward takes readers inside Lehman's highly charged offices.

Book Hero Magic formatted this description to make it easier to read. While it's new and still learning, it may not be perfect - your feedback is welcome! Description

The inside story of what really happened at Lehman Brothers and why it failed

In The Devil's Casino: Friendship, Betrayal, and the High Stakes Games Played Inside Lehman Brothers, investigative writer and Vanity Fair contributing editor Vicky Ward takes readers inside Lehman's highly charged offices. What Ward uncovers is a much bigger story than Lehman losing at the risky game of collateralized debt obligations, swaps, and leverage.

A can't put it down page turner that opens the world of Wall Street to view unlike any book since Bonfire of the Vanities, except that The Devil's Casino isn't fiction.

  • Details what went on behind-the-scenes the weekend Lehman Brothers failed, as well as inside Lehman during the twenty years preceding it
  • Describes the feudal culture that proved both Lehman's strength and its Achilles' heel
  • Written by Vicky Ward, one of today's most connected business and finance writers

On Wall Street, Lehman Brothers was cheekily known as "the cat with nine lives." But as The Devil's Casino documents, this cat pushed its luck too far and died—the victim of men and women blinded by arrogance.

Book Details

INFORMATION

ISBN: 9781118011492

Publisher: John Wiley & Sons Inc

Format: Paperback / softback

Date Published: 15 April 2011

Country: United States

Imprint: John Wiley & Sons Inc

Audience: General / adult

DIMENSIONS

Spine width: 21.0mm

Width: 155.0mm

Height: 229.0mm

Weight: 372g

Pages: 304

Collections

Education & Reference Finance & Economics Finance & Investment Non-Fiction Vicky Ward

About the Author

VICKY WARD has been a contributing editor to Vanity Fair since 2001, specializing in investigative reporting. She has profiled, among others, Jean-Marie Messier, Carly Fiorina, CIA agent Valerie Plame, businesswoman Louise MacBain, Morgan Stanley, the late Bruce Wasserstein, counterterrorism expert Richard Clarke, François Pinault, the Getty, the Guggenheim, Fairfield Greenwich Group (a Madoff feeder fund), Brooke Astor, and Kate Moss. Ward is a columnist for the Huffington Post and a former contributor to CNBC and Bloomberg TV. She was previously the executive editor of Talk magazine. Her work has appeared in the New York Times, the Financial Times, the London Times, and the Daily Telegraph. A native Briton, Ward was the runner-up for the Catherine Pakenham Award in 1994, Britain's most prestigious award for young women writers. She holds a master's degree in English literature from Cambridge University and has lived in New York City since 1997.

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