Economics of Money, Banking and Financial Markets

Examine the causes of failure based on one of the following books. The paper is 8 to 10 pages, in good form, and focuses on aspects of asymmetric information and corporate performance:-

R. Lowenstein, When Genius Failed (Long Term Capital Mgt failure)

W.D. Cohan, House of Cards (Wretched excess and Bear Stearns)

B. McLean, Smartest Guys in the Room (Rise and fall of Enron)

L. G. McDonald, Colossal Failure of Common Sense (Lehman Brothers collapse)

K. Grind, Lost Bank (Washington Mutual, biggest bank failure)

H. Markopolos No One Would Listen (Bernie Madoff)

G. Farrell, Crash of the Titans (Greed, hubris, Merrill Lynch, Bank of America)