The Great Recession of the late 2000's was precipitated by the financial crisis, and subsequent collapse of 2008. The bankruptcy filing of investment bankers Lehman Brothers was the event that most directly led to that crisis occurring in the first place. The book The Fed and Lehman Brothers: Setting the Record Straight on a Financial Disaster (Studies in Macroeconomic History) by author Lawrence M. Ball peels back the layers to provide a deeper look at the events which led to Lehman Brothers bankruptcy filing. From their questionable business practices, to the incentives received by high level executives, to the devastation experienced by lower level employees who lost their retirement plans, nothing is off limits in this insightful book.

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