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 andpenetrating analysis of today's superheated and - he argues -
still-fragile financial world.
