The Murder of Lehman - Prologue

Business, Money & Investing

By Joseph Tibman

Publisher : Brick Tower Books

ABOUT Joseph Tibman

Joseph Tibman
Author of "The Murder of Lehman Brothers, An Insider's Look at the Global Meltdown."

Reviews:                                  Amazon

"I recommend you read The Murder of Lehman Brothers to find out why the financial cris More...


On the first anniversary of the murder of Lehman, Joseph Tibman, a 20-year veteran and senior investment banker, reveals in plain English, the people and forces that share responsibility for this catastrophe. His shattering account is told as only a true Lehman insider's account could be told, by someone who spent two decades at the firm.

Writing under pseudonym, Joseph Tibman, the author explains the feud that erupted, soon after the death of the last Lehman Family CEO, between the two "houses" of Lehman--the investment bankers and the sales and trading group. He provides the most detailed account on record of the rise of Dick Fuld from junior trader to CEO who rose above his legendary inarticulateness nickname just once, but profoundly, at the seminal, game-changing moment of the 9/11 attacks.

The Murder of Lehman Brothers is the story of greed run amok. The story is told in the words of someone who was there when Lehman, post 9/11, became the firm that always outperformed; someone who was a witness to what a small handful of people inside Lehman did to crush it with the assistance of misguided, inept politicians and a dysfunctional, antiquated regulatory infrastructure. The Murder of Lehman Brothers is not only for those who earn their livings (or used to) working in the financial markets. It is written simply for anyone who wants to understand the perfect storm of screw-ups that has led to the current crisis. It is a primer that explains why action must be taken to ensure no one is ever again in a position to dismantle the system or bet the bank, bringing down major institutions and threatening the entire global economy.
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I wrote this book because a twenty-year Lehman veteran I wanted to be sure there would be one non-tabloid account with the insight that only an insider can bring. I also believe that much of what caused not just the Lehman bankruptcy, but the full financial global meltdown be explained in a way that the average reader can understand. If you are a finance professional, you will find that the book rings true. If you are one of the far more numerous readers who have never worked in finance then you should find that this book will make for both a page-turning read as well as explain exactly why the financial crisis occurred and why we remain at risk.

"This is the only [financial crisis book] that brings Wall Street culture to life and shows how reckless excess was fed by Washington politicians." -Capital Gains & Games

"Tibman offers a version which feels true." London Review of Books

"So who (or what) killed Lehman? Tibman presents a more complex and shifting judgment, which is one of the strengths of the book."  The Deal Magazine

"Tibman has probably written the most user-friendly account of LB's demise and guide to the economic collapse of 2008." Civilian Reader, UK

"Everyone knew that subprime lenders aided and abetted mortgage fraud. To my knowledge, the only investment banker who wrote candidly about the subject was Joseph Tibman..." Huffington Post