BBC – For The Love Of Money – Episode 1.
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The Bank that Bust The World
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The Bank that Bust The World
financial crisis 2008
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21 comments
Hang them all
Whatever it is but Bitcoin birth was the best thing happend in that same period wish I could have buyed them
Axe Capital will be the next big Hedge Fund to fail. Can’t trust their C.E.O. Bobby Axelrod.
The problem was and always been ninja credit
People with low money managment should not be allowed to borrow money no default no problem
Even if you leveraged 100 to 1 so long as the asset is safe it is no problem at all
Blaming the system is always easy and it is also easy to forget that greed of owning a home that you think will apreciate without proper way to pay is also the reason for the colapse
Dont blame just one aspect of the collapse but think wether you also contribute to the colapse
"The media is not responsible" ok wait a minute. What were CNN, CNBC, BBC ,Wall street journal etc etc. doing when the housing market seemed like it was hitting the jackpot everyday? Did they ever ask if this is realistic and how sound are the fundamentals behind this type of financial system? No they cheered it on and did not look under the hood to see what made it tick. No they did not put a gun to the bankers head as that smarmy idiot from CNBC put itand force them to hyper monetize the bad mortgages but they very much help created an environment which propagated this phantom toxic economy.
Nomura holdings agreed to buy Asian division of Lehman brothers for $225 million
The age old question. Is it better to be loved or feared, here is the answer
Icarus flew too close to the sun
"The British WEREN'T coming"
Ooof.
But when the shares were at $85, nobody complained about Fuld. Then Fuld could do no wrong. The people who lost their money can only blame themselves, they could have retired a millionaire, if they hadn't wanted even more money.
Read This:
https://www.independent.co.uk/news/business/analysis-and-features/crash-of-a-titan-the-inside-story-of-the-fall-of-lehman-brothers-1782714.html
Wow
AMC🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀💵💵💵💵💵💵💵💵💵💵💵💵💵💵💵💵💵💵💵💵💵💵💵💵💵💵💵💎💎💎💎💎💎💎💎💎💎💎💎💎💎💎💎💎💎💎💎💎💎💎💎💎💎🙌🙌🙌🙌🙌🙌🙌🙌🙌🙌🙌🙌🙌🙌🙌🙌🙌🙌🙌🙌🙌🙌🙌🙌🙌🙌🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍
#AMC
looking at this makes you understand why interest rates on home loans are so high now a days
Victim of naked shorting. The mobs yelling that Lehman are criminals have misplaced their anger IMHO.
>>>>>>>>>SWITCHING TITLES ??????? STAN YOU'RE A FUCKING ASSHOLE ,,LEARN TO LIVE WITH THAT !
Fuld was a fall guy. They were all up to dubious practices.
Idiots.
No Hank Paulson doesn't want to save Lehman Brothers but yet they bailout General Motors and Ford and AIG and the list goes on and on
In India, there's a bank called "Yes Bank" (4th largest private bank in India), which was a darling of investors until Aug'2018. Share price basically went from Rs. 393 to Rs. 6 in a span of 19 months, due to serious governance issues and wrong accounting practices.
However, Indian government saved the bank. Could Lehman be saved bu the U.S. government? I guess the damage was so big, that the government allowed "too big to fail" bank to fail.