About this book
In this wide-ranging book, Wall Street legend Henry Kaufman recounts the events surrounding the catastrophic collapse of Lehman Brothers from his then vantage point on the board. He explains how, ironically, the Federal Reserve’s shortcomings contributed to its growing power. And he argues that Dodd-Frank – by sanctioning rather than truly addressing the too‐big‐to‐fail dilemma – squandered a rare opportunity for essential reform.
Whether sparring in print with Citicorp’s mercurial Walter Wriston, consulting with British Prime Minister Margaret Thatcher, spurning a deal with junk bond king Michael Milken, or reflecting on his long-time friend Paul Volcker, Kaufman brings readers inside post-war Wall Street. Looking ahead, he dissects major national and global trends and the likely future of credit markets, financial institutions, and leading economies.
As we search for bearings in the wake of the 2008 financial debacle, Henry Kaufman offers sage and penetrating analysis of today’s superheated and – he argues – still‐fragile financial world.
- Book Title Tectonic Shifts in Financial Markets
- Book Subtitle People, Policies, and Institutions
- DOI https://doi.org/10.1007/978-3-319-48387-0
- Copyright Information The Editor(s) (if applicable) and The Author(s) 2016
- Publisher Name Palgrave Macmillan, Cham
- eBook Packages Economics and Finance Economics and Finance (R0)
- Hardcover ISBN 978-3-319-48386-3
- Softcover ISBN 978-3-319-83929-5
- eBook ISBN 978-3-319-48387-0
- Edition Number 1
- Number of Pages XVII, 180
- Number of Illustrations 0 b/w illustrations, 30 illustrations in colour
Macroeconomics/Monetary Economics//Financial Economics
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