This electronic version has been made available under a Creative Commons (BY-NC) open access license. Using extensive documentary evidence and interviews with former Lehman employees, Oonagh Mc Donald reveals the decisions that led to Lehman’s collapse, investigates why the government refused a bail-out and whether the implications of this refusal were fully understood. In clear and accessible language she demonstrates both the short and long term effects of Lehman’s collapse.
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Oonagh Mc Donald is an international financial regulatory expert. She was a member of the UK parliament for Thurrock in Essex (1976–87) and a member of the front-bench Treasury team from 1983–87. She is the author of several books, including Fannie Mae and Freddie Mac: Turning the American Dream into a Nightmare (2012). She was awarded the CBE in 1998, for services to financial regulation and business
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