Show Notes
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#MerrillLynchcollapse #BankofAmericaacquisition #bonusculture #subprimemortgagecrisis #WallStreethubris #CrashoftheTitans
Crash of the Titans is a nonfiction business history by Greg Farrell that examines the collapse of Merrill Lynch during the 2008 financial crisis and the strain that Merrill’s acquisition placed on Bank of America. Drawing on Farrell’s experience as a Financial Times correspondent and his investigative reporting on Wall Street, the book focuses on how risk-taking, bonus culture, and executive hubris helped turn a major investment bank into a symbol of crisis-era excess. It is not a broad survey of the whole financial meltdown, but a tightly reported account of how incentives and institutional culture shaped the decisions of two powerful firms. The book is aimed at readers who want to understand the mechanics of the crisis through the behavior of actual executives, boardrooms, and deal negotiations rather than through abstract economic theory. Its purpose is to show how corporate governance failures can magnify market stress into systemic danger.