What was $LEH Trading Desk thinking during the crash?

2nd Part of Larry McDonald Interview with MissTrade, what was $LEH Trading Desk thinking during the crash?
21 september 2009, (Miss Trade)
http://misstrade.wordpress.com/

Larry McDonald (The author of the New York Times bestseller *“A Colossal Failure of Common Sense.”), was kind enough to do a 2nd part of an interview with me as we dug into the chaos of the different Trading Desks at $LEH as Dick Fuld and the “Eight on top brought down the 25k employee strong, LEHman brothers”. Amazing how a company can survive, the Civil War of America, WWI and WWII, Nuclear Attacks on Japan, Korea, Vietnam, Gulf I and II and 9/11 and then what brought down the house? Leverage, poor board of directors, and of course the lack of risk understanding by the CEO Dick Fuld. Watch, listen, and learn. Great stuff Larry!

*“A Colossal Failure of Common Sense.” http://www.amazon.com/Colossal-Failure-Common-Sense-Collapse/dp/0307588335/ref=pd_rhf_p_t_3

What was $LEH Trading Desk thinking during the crash? http://bit.ly/E1xOW