Lehman Brothers
5 statements across 4 episodes · 0 bullish · 3 bearish · 4 people on the record · first statement Nov 12, 2019 by Stephen Schwarzman · said 23 times in 8 episodes since 2019 · across every show →
Mentions by year
brought up most by Shane Parrish (14), Howard Marks (2), Balaji Srinivasan (2), Stanley McChrystal (1), Nathan Myhrvold (1), Joel Greenblatt (1), Jeff Immelt (1), Christopher Davis (1)
tap a year for its mentions
2024 1 mention in 1 episode
2023 1 mention in 1 episode
2022 3 mentions in 2 episodes 2 per episode
2021 2 mentions in 2 episodes 1 per episode
2019 16 mentions in 2 episodes 8 per episode
Everything said about Lehman Brothers, oldest first
Nov 12, 2019 neutral
Schwarzman: Lehman's 1984 sale was triggered by trading limit breaches and rate losses
“People in the trading department exceeded limits on certain type of security, and it ended up that interest rates went the wrong way, and, you know, we lost doubly on the trade, and the impact of that on a mark-to-market basis would have gotten close to wiping…”
Jul 27, 2021 negative
Immelt: Washington Mutual's collapse was worse for 2008 than Lehman's
“Most people think about the day Lehman Brothers went bankrupt as the worst day in the financial crisis, but it actually was the day Washington Mutual went bankrupt, which was like two weeks later on a Friday because all the bondholders got wiped out.”
Mar 8, 2022 negative
McChrystal: Appointing a Chief Risk Officer Creates Organizational Moral Hazard
“There's a moral hazard here in that organizations like Lehman Brothers, who named a very capable chief risk officer Created an impression inside the organization that other individuals didn't have to worry as much about risk because they had a person who was r…”
Mar 8, 2022 negative
Mar 5, 2024
Davis: Davis Advisors held no Bear, Lehman, Fannie, Freddie, or Countrywide in 2008
“If you think of the six horsemen of the apocalypse in the financial crisis, you know, Bear, Lehman, Fannie, Freddie Wamuu, Countrywide you know, we didn't own a share of any of them, and yet here I am running a financial fund, running a fund that probably had …”