Short Paper: Too Big to Fail Changyu Li 7724294 Course No: GMGT4210 Section: A02 Instructor: Dr. Howard Robert Harmatz Date: October 17th‚ 2014 After the financial crisis in 2008‚ there were many famous economists started their analysis about the causes of this crush. Many of them published their own books aimed to discuss the existed problems in the capitalism system. After looking through these books‚ I found out a book‚ Too Big to Fail‚ is written by Andrew Ross Sorkin who is the
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GOLDMAN SACHS RECOMMENDED READING LIST Written by Current or Former Goldman Sachs Employees • The Five Great Myths About China and The World by Jonathan Anderson and Fred Hu; PPP Company • Exploring General Equilibrium by Fischer Black; MIT Press; 1995 • Business Cycles and Equilibrium by Fischer Black; Blackwell Publishers; 1991 • Managing Currency Risk by Fischer Black; Association for Investment Management & Research; 1989 • Old Girls’ Network: Insider Advice for Women Building Businesses
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McGraw-Hill Irwin. Boardman‚ A. E.‚ Greenberg‚ D. H.‚ Vining‚ A. R.‚ & Weimer‚ D. L. (2011). Cost-benefit analysis concepts and practice (4th Ed ed.). Upper Saddle River‚ NJ‚ USA: Pearson Education. Dodds-Frank‚ A. (2011‚ March 2). Rajat Gupta and Goldman ’s insider trading bombshell. Retrieved from The Daily Beast: http://www.thedailybeast.com/articles/2011/03/02/rajat-gupta-at-center-of-wall-streets-biggest-insider-trading-scandal-ever.html Dow‚ S Ghoval‚ D. (2014‚ August 21). How to run a $1 billion
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A rare and fatal disease‚ Tay-Sachs is characterized as one of the devastating neurodegenerative disease. Children afflicted with Tay-Sachs “lose motor skills and mental functions” eventually becoming “blind‚ deaf‚ mentally retarded‚ paralyzed...Tay-Sachs children usually die by age five” (“Tay-Sachs Disease”). A diagnosis of infantile Tay-Sachs is akin to a death sentence; the only form of care would be comfort for death. Tay-Sachs is passed on genetically from parent to child and‚ as it is an autosomal
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Background of Lehman Brothers Holdings Inc. Lehman Brothers Inc. is a comprehensive and diversified investment bank‚ which services the financial needs for global companies‚ institutions‚ governments and investors (RYBACK.W). Since Lehman Brothers was established in Montgomery in Alabama in 1850‚ it has experienced the American Civil War‚ two world wars‚ the Great Depression‚‘9‧11 ’attack Strike and an acquisition. However‚ it still survive‚ and it was called as ‘19 Mania cat’ by Roy Smith who
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Alexandra Katerina Mejía Pepén 12-0472 Professor: Howard Shindell Business Management I Too Big To Fail -Andrew Sorkin‚ Book Review Too Big to Fail is the book that has most clear explanation event by event about the biggest financial crisis since the Great Depression. Even though Too Big to Fail is Andrew Sorkin’s first book‚ he made it possible to most of readers understand what really happened in 2008 with the failure of Lehman
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Ⅰ. Introduction Morgan Stanley is a global financial business firm serving a diversified group of corporations‚ governments‚ financial institutions‚ and individuals in 36 countries around the world‚ and sets its headquarter in New York City. The main areas of business for the firm today are Global Wealth Management‚ Institutional Securities and Investment Management. Morgan Stanley settled its Asia Pacific headquarters in Hong Kong in 1987 and its main business helps shape global views on China
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"Greed is good; greed is right; greed works." Although the validity or correctness of the statement is questionable on multiple grounds‚ when Gordon Gekko uttered these infamous words he accurately explained the rationale behind many financial‚ or more specifically‚ Wall Street decisions. Greed ensures that the course of action is only determined by the resulting monetary wealth‚ not by other factors such as societal and legal effects. Wall Street follows the quick rise of a young low level account
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The theme of moral hazard comes up numerous times throughout the movie‚ Too Big To Fail and is an extremely important factor when considering what happened in September of 2007 and its consequences. By definition‚ moral hazard is‚ “the risk that a party to a transaction has not entered into the contract in good faith‚ has provided misleading information about its assets‚ liabilities or credit capacity‚ or has an incentive to take unusual risks in a desperate attempt to earn a profit before the contract
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1 .Why did Morgan Stanley underinvest in information technology? His main focus was on management and organization changes and not information technology‚ when trying to restore revenue. Also‚ when the two publicly held companies merged together‚ their operations were still running as if they were two different entities. Dean Witter’s Retail Brokerage which managed close to $616 billion in client assets where never fully integrated into Morgan Stanley’s information systems. Some individuals mainly
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