Crash of the Titans

Greed, Hubris, the Fall of Merrill Lynch, and the Near-Collapse of Bank of America

Tag archive for ‘John Thain; Warren Buffett; USA Today’

  • Salon’s Andrew Leonard Reviews “Crash of the Titans”

    Andrew Leonard of yesterday released his review of "Crash of the Titans" highlighting how the book is more about what drove executives at Merrill Lynch to continue " … merrily speculating in mortgage-backed securities constructed out of the dregs of the dregs" than it is about the government's role in the financial meltdown. Leonard [...]

  • USA Today’s First Monday Section Features “Crash of the Titans”

    USA Today featured "Crash of the Titans" in its First Monday roundup of November's notable business related books, TV and movies. Says the paper: "[Author Greg] Farrell tells what really caused the demise [of Merrill Lynch] and how Stan O'Neal, Merrill's CEO, reached out to Warren Buffett for help. He traces how O'Neal's successor, John [...]

Author, Greg Farrell

GREG FARRELL is a correspondent for the Financial Times. In January 2009, he broke the news that Merrill Lynch had paid out its 2008 bonuses a month ahead of schedule, in December, even though Merrill was in the process of losing $28 billion for the year, and Bank of America needed an extra $20 billion in taxpayer funds to complete its acquisition of the firm. That story sparked an investigation by New York attorney general Andrew Cuomo. Greg is a past winner of the American Business Press’s Jesse Neal Award for investigative reporting and a recipient of the Knight-Bagehot Fellowship for business journalism. He earned a BA from Harvard University and an MBA from the Graduate School of Business at Columbia University.

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