11/15/11 - 8:51am
The article in (the Nov. 11) Clarion on MF Global's dive reported that David Kotok, a money manager, asked "How did this happen?" This question has motivated me for several years to search for answers to that very question.
"A Colossal Failure of Common Sense" written by the Vice-President of Lehman Brothers, Larry McDonald, explains answers to that question and to the question of "Could we have seen it coming?" with respect to the failure of Lehman Brothers.