UNCONTROLLED RISK: The Lessons of Lehman Brothers and How Systemic Risk Can Still Bring Down The World Financial System失控风险（ISBN 9780071638296）pdf/txt下载_在线阅读全文

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Product De*ionHow Excessive Risk Destroyed Lehman and Nearly Brought Downthe Financial Industry
Dr. David C. Shimko, Board of Trustees, Global Association ofRisk Professionals
Geoffrey Miller, Stuyvesant Comfort Professor of Law andDirector, Center for the Study of Central Banks and FinancialInstitutions, New York University
Jeffrey P. Davis, CFA, Chief Investment Officer, Lee MunderCapital Group
Vincent Kaminski, Professor in the Practice of Management, JesseH. Jones Graduate School of Business, Rice University
Professor Charles M. Elson, Edgar S. Woolard Jr. Chair inCorporate Governance, University of Delaware
The risk taking behind Wall Street's largest bankruptcy .. .

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How Excessive Risk Destroyed Lehman and Nearly Brought Down
the Financial Industry
“Uncontrolled Risk will ruffle feathers—and for good
reason—as voters and legislators learn the diffi cult lessons of
Lehman’s collapse and demand that we never forget them.” 
Dr. David C. Shimko, Board of Trustees, Global Association of
Risk Professionals
“Uncontrolled Risk is a drama as gripping as any work of
fiction. Williams’s recommendations for changes in the governance
of financial institutions should be of interest to anyone concerned
about the welfare of global financial markets.” 
Geoffrey Miller, Stuyvesant Comfort Professor of Law and
Director, Center for the Study of Central Banks and Financial
Institutions, New York University
“The complex balance of free enterprise on Wall Street and the
healthy regulation of its participants is the central economic
issue of today. Williams’s forensic study of Lehman’s collapse may
be the best perspective so far on the issues that now face
regulators.” 
Jeffrey P. Davis, CFA, Chief Investment Officer, Lee Munder
Capital Group
“Provides a very perceptive analysis of the fl aws inherent in
risk management systems and modern fi nancial markets. Mandatory
reading for risk managers and financial industry executives.” 
Vincent Kaminski, Professor in the Practice of Management, Jesse
H. Jones Graduate School of Business, Rice University
“Gives the reader much food for thought on the regulation of our
financial system and its interplay with corporate governance reform
in the United States and around the world.” 
Professor Charles M. Elson, Edgar S. Woolard Jr. Chair in
Corporate Governance, University of Delaware
The risk taking behind Wall Street's largest bankruptcy .
. .
In this dramatic and compelling account of Lehman Brothers’
spectacular rise and fall, author Mark T. Williams explains how
uncontrolled risk toppled a 158-year-old institution—and what it
says about Wall Street, Washington, D.C., and the world financial
system. A former trading floor executive and Fed bank examiner,
Williams sees Lehman’s 2008 collapse as a microcosm of the
industry—a worst-case scenario of smart decisions, stupid mistakes,
ignored warnings, and important lessons in money, power, and policy
that affect us all. This book reveals:
<ul>
<li>The Congressional inquisition of disgraced CEO Dick Fuld:
Did he really deserve it?</li>
<li>How the investment-banking money machine broke down: Can it
be fixed?</li>
<li>The key drivers that caused the financial meltdown: Can
lessons be learned from them?</li>
<li>The wild risk taking denounced by President Obama: Is
Washington to blame, too?</li>
<li>The ongoing debate on reform and regulation: Can meaningful
reform avert another financial catastrophe?</li>
</ul>
This fascinating account traces Lehman’s history from its humble
beginnings in 1850 to its collapse in 2008. Lehman’s story
exemplifies the everchanging trends in finance—from investment
vehicles to federal policies—and exposes the danger and infectious
nature of uncontrolled risk.
Drawing upon first-person interviews with risk management
experts and former Lehman employees, Williams provides more than
just a frontline report: it’s a call to action for Wall Street
bankers, Washington policymakers, and U.S. citizens—a living lesson
in risk management on which to build a stronger fi nancial future.
Williams provides a tenpoint plan to implement today—so another
Lehman doesn’t collapse tomorrow.
Includes a ten-point plan to ensure a strong financial future
for both Wall Street and Main Street
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UNCONTROLLED RISK: The Lessons of Lehman Brothers and How Systemic Risk Can Still Bring Down The World Financial System失控风险（ISBN 9780071638296）

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