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
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.
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