The Devils Casino. Friendship, Betrayal, and the High Stakes Games Played Inside Lehman Brothers

The inside story of what really happened at Lehman Brothers and why it failed In The Devils Casino: Friendship, Betrayal, and the High Stakes Games Played Inside Lehman Brothers, investigative writer and Vanity Fair contributing editor Vicky Ward takes readers inside Lehmans 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 cant 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 Devils Casino isnt 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 Lehmans strength and its Achilles heel Written by Vicky Ward, one of todays most connected business and finance writers On Wall Street, Lehman Brothers was cheekily known as «the cat with nine lives.» But as The Devils Casino documents, this cat pushed its luck too far and died?the victim of men and women blinded by arrogance.