Could Lehman have been saved? A professor at John's Hopkins, Lawrence Ball recently wrote a paper explaining that the fall of Lehman was primarily the fault of Henry Paulson. Here's a link to the paper:
http://www.econ2.jhu.edu/People/Ball/Lehman.pdf
And a Bloomberg podcast of him explaining it on Bloomberg's Odd Lots podcast:
http://www.bloomberg.com/news/articles/2016-07-25…
Perhaps @DickFuld" was right after all. Paulson was always out to get him. Lol
| +2,956 | Bank of America - Juniors Strike to start Monday May 6th | 313 | 3m | |
| +746 | BOFA ALREADY TRYING TO COVER UP THEIR TRACKS | 75 | 1h | |
| +479 | This is a dark day for Wall Street. | 30 | 7h | |
| +164 | Big Layoff at Barclays - 5/1/24 | 87 | 2h | |
| +155 | Analyst at Bofa FIG-Thoughts | 27 | 2h | |
| +121 | “Americans just work harder” | 54 | 1d | |
| +110 | Shame on you, BofA. But also, the industry needs to change. | 16 | 4h | |
| +105 | BofA List | 22 | 5h | |
| +82 | Bank of America Juniors - Dos and Dont | 7 | 1h | |
| +76 | Hey WSJ, BBG, CNBC, FT, it's been more than 72 hours that this BofA IBD Associate was reported dead | 5 | 5h |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
What made you think I was kidding? And what makes you think this is funny? It's beyond fucking scary if you ask me.
Once again, this is a case of academics pointing out something that everybody already knows.
Professors have way too much time on their hands
Sure - why not? The Fed printed for QE 1, 2, 3. Could have easily just done the same thing for Lehman if they desired.
Frank - you're always living in the past. That mustache is getting a little more grey, but it's still got some bounce to it...
That was a bunch of years ago at this point. Let's move on
That post was at least a year old. Picked up only recently, hence frontpaged.
I've always had dreams of resurrecting a new bank under the Lehman name, though.
Everybody knows Lehman could have been bailed out. The bigger shops including Goldman took advantage of the crisis to let their smaller competitors collapse
Sometimes I wonder why Wells Fargo didn't buy out Lehman. Sure, they wanted to penetrate the South, but then they also wanted to gain some solid IBD people.
Not sure they had the capital. Was it pre or post Wachovia?
@Frank Quattrone" that's a good question however isn't it better to perhaps wait for a fire sale similar to what Barclay's did? There is always a risk that someone will buy them out and you lose the opportunity but those were troubling times so I figure waiting would be best.
Rem modi fugiat voluptatum dolores voluptatem. Qui non nihil cumque velit alias eum consequatur. Dicta non et sed sapiente voluptas. Ipsam aut beatae laborum porro asperiores ea. Error qui quibusdam maxime aut et asperiores totam. Dolorem excepturi temporibus nulla sunt ut quae repellendus.
Quia quis eum est rerum. Ducimus expedita quae officiis sapiente repellat veritatis. Omnis doloremque minima natus.
Consectetur ea qui reprehenderit aliquid. Aut architecto ut eum qui laudantium nulla. Rem qui iste repellat rem officia omnis. Odio illum minus delectus aperiam. Tenetur tenetur eaque eius. Veritatis iste fugiat et et culpa voluptatum.
Ut molestiae esse iusto ut fugit fugiat officia. Molestiae earum non cumque ea cupiditate. Eligendi expedita id in voluptatem similique.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...