Tectonic Shifts in Financial Markets

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 Reserves shortcomings contributed to its growing power. And he argues that Dodd-Frank by sanctioning rather than truly addressing the toobigtofail dilemma squandered a rare opportunity for essential reform. Whether sparring in print with Citicorps 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 todays superheated and he argues stillfragile financial world.