Friday, March 26, 2010

Beyond the Sound Bite: An Interview with Lawrence G. McDonald

In a most thought provoking interview with the Managing Director of Pangea Capital Management and author of "A Colossal Failure of Common Sense: The Inside Story of the Collapse of Lehman Brothers", we began by discussing the recently issued report on Lehman Bros. and Repo 105. We then moved on to key elements in his book including several truly inside experiences such as the brass knuckles tactics of senior management and how "they silenced their best talent when they needed them most". We also discussed Larry's views on how big banks today are "too big to succeed" and the risk exposure to the US economy (62% of GDP) that the top 6 banks represent.

Beyond the Sound Bite podcast interviews can be found at
To listen to this week's interview, click here

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