The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 6 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
Future Fund held 80% of its portfolio in cash when Lehman collapsed
“Fortuitously, and through some good decisions made by the people who were here before me, we were sitting with about 80% in cash when layman's went broke.”
Future Fund Held Approximately 80% in Cash When Lehman Brothers Collapsed
“Fortuitously, and through some good decisions made by the people who were here before me, we were sitting with about 80% in cash when layman's went broke.”
Friedman: Fannie and Freddie represented two-thirds of US GDP during 2008 crisis
“Fannie and Freddie were 10 times bigger than Lehman, yet it didn't have any knockoff impact. It was two-thirds of the GDP of the entire United States, Fannie and Freddie at the time.”
US Search burned $70 million in nine months after its IPO
“Lehman Brothers and Bear Stearns took them public. They raised about seventy million dollars and they burned through it in about nine months.”
Rees: Lehman Took 20% Minority Stakes in GLG and D.E. Shaw
“Every time we did one of these minority stakes in hedge funds, we started with GLG and then we did a firm Called Marble Bar and Osprey and D.E. Shaw. We were doing a lot of work in a lot of other areas, and these 20% stakes in hedge funds were paying the bills…”