Bibliograph

Crash of the titans, greed, hubris, the fall of Merrill Lynch, and the near-collapse of Bank of America, Greg Farrell

Type

Label

Crash of the titans, greed, hubris, the fall of Merrill Lynch, and the near-collapse of Bank of America, Greg Farrell

Language

eng

Bibliography note

Includes bibliographical references and index

Index

index present

Literary Form

non fiction

Main title

Crash of the titans

Medium

electronic resource

Nature of contents

dictionariesbibliography

Oclc number

688480024

Responsibility statement

Greg Farrell

Sub title

greed, hubris, the fall of Merrill Lynch, and the near-collapse of Bank of America

Summary

Wall Street has always been an insular culture that most people only vaguely understand. The exception was Merrill Lynch, a firm that revolutionized the stock market by bringing Wall Street to Main Street. Merrill Lynch was not only "bullish on America," it was a big reason why so many average Americans were able to grow wealthy in the stock market. Merrill Lynch was an icon. Its sudden collapse and sale to Bank of America was a shock. How and why did it happen? And what does this story of greed, hubris, and incompetence tell us about the culture of Wall Street that continues to this day even though it came close to destroying the American economy? This is a Shakespearean saga of three flawed masters, E. Stanley O'Neal, John Thain, and Bank of America CEO Ken Lewis, who made a $50 billion commitment over a September weekend to buy a business he really didn't understand.--From publisher description

Classification