financial crisis

2 statements across 2 episodes · 0 bullish · 1 bearish · 2 people on the record · first statement Nov 12, 2019 by Stephen Schwarzman · across every show →

Everything said about financial crisis, oldest first

Nov 12, 2019 negative

Assertion Supported

Schwarzman: Financial stocks fell 85% in 2008 crisis while Blackstone fell 90%

“The average stock of a financial company, bank, money manager, didn't matter, during the financial crisis went down 85%. So if you've ever been involved with something that went down 85%, You would not be a particularly happy Kemper. Blackstone's always been a…”

Stephen Schwarzman Nov 12, 2019 ▶ 55:48 #69 Stephen Schwarzman: What It Takes

Jul 27, 2021 neutral

Assertion Not checkable as stated

Immelt: GE suffered in 2008 from aggregate size, not toxic assets

“Think about the financial crisis, what did we get wrong? We were too big in aggregate size. It wasn't that we were, we had a lot of toxic assets. It wasn't that we're redlining risk and things like that. We were too big.”

Jeff Immelt Jul 27, 2021 ▶ 20:28 #116 Jeff Immelt: Leadership In A Crisis

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financial crisis

Everything said about financial crisis, oldest first

Turn any episode into a week of clips.