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In this video we go over the rise and fall of Lehman Brothers and how their bankruptcy contributed to the global financial crisis of 2008.
#WallStreetMillenial
Music courtesy of:
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Tropical Dream by Spiring https://soundcloud.com/user-57630131
Creative Commons — Attribution 3.0 Unported — CC BY 3.0
Free Download / Stream: https://bit.ly/-tropical-dream
Music promoted by Audio Library https://youtu.be/rDlvmPaitME
––––––––––––––––––––––––––––––
In this video we go over the rise and fall of Lehman Brothers and how their bankruptcy contributed to the global financial crisis of 2008.
#WallStreetMillenial
Music courtesy of:
––––––––––––––––––––––––––––––
Tropical Dream by Spiring https://soundcloud.com/user-57630131
Creative Commons — Attribution 3.0 Unported — CC BY 3.0
Free Download / Stream: https://bit.ly/-tropical-dream
Music promoted by Audio Library https://youtu.be/rDlvmPaitME
––––––––––––––––––––––––––––––
Isn't it pronounced leEman?
I've watched a lot of videos on the 08' financial crisis, and this is probably the best one that explains the Lehman situation. Very well done.
Lehmann had sucked in simply too much CDS!
Are u on Reddit
You failed to mention that Martin Shkreli benefited massively from Lehman Bros’ collapse. He owed them millions of dollars on terrible trading that they never recouped after collapse.
So we just gonna go about pretending our daily lives that Dick Fold doesn't exist?
That was probably one of the best explanations of what happened to Lehman Brothers and how it influenced the great recession.
Why did'nt Dick Fuld buy out his own bank. When the share price collasped? With all those bonuses he got.
Lehman did not invent mortgage backed securities
Yes but at least all the criminal bankers went to jail and if I'm not mistaken they're still in jail..
Let's all thank Eric holder for that….
The title of this video is misleading. Read Andrew Ross Sorkin's 2009 book Too Big to Fail , and you will see that Lehman was just a medium-sized player in a massive industry-wide scheme to manipulate investors into paying for supposed "AAA" quality bundled mortgage products that in fact were loaded with almost-certain-to-fail bad mortgages. It was a massive bundle of lies. Citigroup, AIG, and Fannie Mae got away with enabling this arguably criminal behavior, and then each got bailed out by the US government. Lehman was allowed to fail b/c it wasn't as large as companies like Citigroup, but the behaviors of Lehman and Citigroup were actually about the same.
You did a great job explaining this situation. I’d say the clearest explanation I’ve ever heard.
It wasn’t their idea to make MBS’s lol what the hell
This is a poorly researched video with basic facts wrong. For example, Barclay's had a deal to buy Lehman on Sunday but the FSA and the Bank of England vetoed it. Another problem is Paulson and Bernanke had no clue how serious the financial crisis was at the beginning when they allowed Lehman Brothers to fail while providing a bailout of Bear Stearns earlier in the year. Next, portfolio loans are a myth. Mortgages are almost always shipped off. This video is terrible because it repeats the same lies as the mainstream media.
Lehman failed September 15 2008….. not sure why you said 2009 😉
They should have marched a couple of dozen execs from Lehman, AIG, Goldman Sachs, Bear Sterns, Countrywide, Moodys, and S&P down to the guillotine in Battery park. This was fraud on a monumental scale.
No way his name is really Dick Fuld, poor guy
Oh come on! Lehman didnt crash anything. Paulson and Goldman crashed the markets. Goldman and Paulson (the former Sec of the Treasury and a 30 year long executive at Goldman) refused to bail out Lehman because in 1998 when a fund called LTMC went under and asked Wall St for a bailout, everyone pitched in except Dick Fuld.
This is the ONLY reason Lehman was allowed to go under.
Lehman needed maybe 50-80 billion to re capitalize, most likely much less. The government said , "NO!".. Then they proceed to give AIG 100s of billions. Why? Because Goldman was the underwriter for about 15 billion of AIGs assets.
They then proceeded to force Bank of America to buy Merryl Lynch, they saved Bear Sterns, Citi, and every other irresponsible bank.
To add insult to injury, Goldman re-organized as a holding company and became eligible for TARP to the tune of 5 billion.
So, NO, Lehman didnt crash sh!T! Goldman Sachs did!
Aaand on top of all of this, AFTER Lehman was allowed to collapse the government lent them 87 billion and 51 billion anyway. To date, Lehmans has payed back everything but 4.1 billion to creditors.
So the economy collapsed, GS got richer, the govt destroyed the markets and in the end, the rich wall st dudes still got rescued. Dick Fuld retired with 400million.
I cannot understand you so why even watch?..😵💫
"his name is Dick Fuld" you cant make this shit up folks
All of sudden YouTube algorithm predicts a market crash!! RUN boys
How about mentioning the role that the ratings agencies had?!?
If U loose a billion $ of someone else's thru ur own stupidity and greed, U shouldn't get a multi million $ bonus, U should Goto jail for life.
Bitcoin was born due to this.
In a twist of faith the people most responsible( CEO, COO, CFO) get a golden parachute while the workers get a foot in the butt..
lets call it what it is, a pyramid.
During this time my place of work was approached for us to take applications for mortgages even though it is a bit removed from what we normally do. I remember thinking that mortgages must have been refined to a point anyone could process them. The whole thing blew up shortly after.
Lehman played in a sandbox built by government regulation
After the market crash, it made billionaires tooo…. 🔥🤣
What a clickbait title! the video literally says NOTHING about Lehman bankrupcy's effects on world economy! the Video should be titled, How Lehman went Bancrupt …..
Evergrande is gonna dress up as Lehman this October! Don’t miss out!
Tikkun olam oy! vey.
STUPID BORROWERS AND STUPID LENDERS, SEEMS IT WAS EVERYONE'S FAULT.
Lehman was an a-hole company, it was selling bonds like months before it collapsed through Citi and hsbc around the world. It dragged people even when it was dying.