Sound like you fly away with bag of cash.

Jimmy...is that you?

@@clementcs869 😂😂😂

Peter Lewellyn the blaming of the media was a hoot.

Marry me

When u you're your own boss you'll never lose your job or get fired.

In a company of thousands or even tens of thousands you can't really blame low ranked workers. A lot of support staff, IT people, administrative staff, customer services, etc, etc are full of decent people making an honest living and are completely uninvolved in nefarious and overly risky schemas. Only the top dogs and some of the very highly educated financial experts designing all these packages are really accountable.

You are spot on

Maybe it's a good thing that "The Bull" was so bull headed; he might have infected an even bigger bank with the STINK from his crooked shop.

Esquire What you are really saying is that government interference is key to banking. Politicians use banking and the monetary system as part of their political games. It allows them to use a really big unending check book.

read of the Bull's arrogance!

@@MrSupernova111 Not necessarily idiots, but naive. and when accustomed to seeing trillions of dollars in revenue each year, people didn't think a misstep was a step away from failure. At most, they thought a few jobs shed and then rebound. But, the well was dry--no funds for trading on Monday, and an eroded asset base.

Chidimwa Kayeyi I guess that's a New York thing :D

he was homeless probably because of the crisis :D

@@cheunhong9769 Yeah six months before that he could have been senior vice president of derivatives or something.

Right, because we know our economy is the hub of the entire global economy...unlike Zambia, where you're from.

The United States of America is a country so developed, even their hobos speaks english.

Yup, i agree. Make it happen #WSJ

But then the wsj would have to deal with "them"

@hobbes The support staff who tend to get ignored by the corporate structure unless something is broken tend to know way more than they should because someone on the staff has access everywhere and get ignored so they hear things. I have worked in that sort of position and you would be shocked what people will say if they think you are far beneath their position. Not cruel or disrespectful just inner workings or venting of stress as if they were alone.

@@vagabondwastrel2361 true. if you want to know what happens at the board and C-level, befriend administrative assistants and secretaries of those people. they're scheduling the emergency meetings and connecting the emergency calls, and there when X tells Y "you have a chemical imbalance if you think that idea will work!"

@utubewatcher806 I wouldn't go for the administrative assistants because the information they would get would be privileged and they could get nuked via lawsuit if something gets spread with them as the source.

Not just Lehman but governments, other banks and states and the population as a whole.

Don't expect this kind of coverage from the WSJ.

Everyone likes to go around pointing fingers. and yeah bankers have a lot of responsibility in the financial crisis. but it goes beyond that, lack of regulations for starters. and then lack of basic financial education for the general public is also another issue. the fact that banks and governments around the world were in bed together in this proves that not only bankers but beaurocrats and also people who thought that they could get rich and buy houses with mortgages that they know they should not have gotten all bear responsibility

@@tankito4460 Finance paid the regulators to look the other way. The public is not to blame.

Surreal... Just surreal

Absolutely the best time to invest was in 2008. Honestly a pretty good time to start adulthood.

@@NotOurRemedy No, best time time to invest was in 2009, at the market bottom.

@@NotOurRemedy Can't invest when you don't have money to invest... You know, because graduates at the time struggled to find work.

2020 graduates send their regards

#firstworldproblems

blackice214 Did she say yes?

Will It Break? Yea 😂😂

blackice214 at least something positive happened that week

#neverforget

Are you dating said woman?

You know what??? Based on your mumble jumble comment content, I can tell you ain't into anything financial career but a SIMPLE low skill job average Joe.

@@arrowb3408 oh really Sherlock? Well since you seem to have the background knowledge to make such a call tell me is it better to use a StochVol or LocalVol model when pricing a DNT FX option? If there’s a window KO with a narrower barrier width would that change things? What considerations does the buyer need to take into account if the option is traded under a single currency CSA that is different from the FX pair of the option? I’ve forgotten more about finance than you’ve ever known.

@@arrowb3408 “I can tell you ain’t into” yeah ok..

More of a tragedy film...

@@ToiYeuYAHWEH true

That they caused are the creators of their own horror movie so I don't zero sympathy watching it I almost felt a little gleeful

have you seen the movie Big Short, its about this moment,, is really good.

Ruben Diaz I have, thanks! I also enjoyed the audiobook, "The Big Short", even though it made me furious listening to it at times haha

Commenter McCommentFace do you still have the golf ball🤷‍♂️

Barry Obama I do. Keep it in my golf bag.

@@iagree8628 Kinda goes to show, people born evil/greedy shits lol. They would work for a criminal enterprise as long as they get payed good money....

@Dark Knight Wish that were true for my neighborhood. I lived in a bad neighborhood in Chicago when I was a kid. My bike got stolen 2x and my brother's car got jacked with 4 broken windows. Our house got broken into and stole anything valuable. My dad's car got looted.

@@yvindgielink2379 the funny thing is that women actually ran at an event for charity. Banks like these have thousands or tens of thousands of employees, most of whom are just ordinary people like me and you doing uninspiring work at a major company. As simple as that. Only top executives and the highest tier of financial experts had anything to do with the shady practices of this bank.

Wrong! It was around $4 in 1994 and 3 cents once all was said and done…

Exactly! Who did you know to get that job.

He probably, probably meant that he didn't know what that meant for his immediate future.

Well your buisness can keep existing even if you are bankrupt. For example another company can buy your company and keep the employees.

probably was wondering if it was chapter 11 or chapter 7 (restructuring money or forced liquidation)

@@MrSupernova111 If you worked at Lehman, you probably would have graduated from an Ivy League.

super Joshi so true 😂

ah yes The Big Short

@Not Bob and the executives pocketed the money. Your point is lame.

floppeur89 it was on a weekend. That’s also why he said he’s not sure if he would still have a job on Monday.

floppeur89 hahah if you don’t believe that then you have never worked in finance or law...everyone is always working, no matter where they are lol

true

I believe the law part. But finance.

I laughed too. Working hard for these guys is sitting on a conference call so everyone can hear themselves talk while making beaucoup $. Ask someone who works on their feet all day while making around minimum wage what working hard is. I know. I've been a part of both. I'll take "working hard all weekend sitting down looking at a computer making 6 figures" for 800 Alex.

what's funny is lehman brothers stuff is selling at a premium on ebay rn. that would probably be $500 - $600

It was weekend

you will be poor forever for being a buthurt socialist.

@@jjj8317 oh ok, so saying something true makes you a socialist now.......

J Can (I'm in the top 10% of net worth :p).... in regard to socialism, oh, I totally think you should have a mix of capitalist and socialist, that brings the best results. Being 100% one or the other creates major problems.

@@Alexander-vg4ss so you make 50k a year?

@@Alexander-vg4ss Socialism is not compatible with capitalism. It is like saying a little bit pregnant. Socialism is about complete control and ownership of everything from money, property and labour by the whole economy. That means you would not be allowed to own anything and would also be subject to the system of socialism. There is no half way in between. People confuse a social contract with socialism so you will hear people talking about fire service and police being socialism when they are nothing of the sort.

Welcome to the future, toasties 😅

@@aclickinthehead Yep. Silicon Valley Bank last week. Who knows what domino will fall next.

Simple: they were in on the same dirty dealings and KNEW what the ones at the top were doing. Someone did research on their online profiles and they immediately got hired by similar dirty, corrupt companies like this one. If I came across a Goldman Sachs exec, I'd probably smash his head in with a bat. Goldman Sachs was one of several firms that ruined the economy and got away with it. NOT ONE was charged with anything.

Many of them were hurt as well. Many lost their jobs, homes and careers after that. One minute they are working a 70 hour week getting very well paid the next they are struggling with their mortgage and with no end in sight for them. It was the banks board, government, state and banking industry as a whole that was to blame. The people you see in that video are only mid level management they are not the real deal or decision makers. Everyone you seen in that video was in the dark as to the decisions that were being made. I know somebody who lost their job in the financial industry and never got it back again. Today their life is a complete struggle and what they had previously seems like a dream. Some would have recovered but for every one that did there is a person who did not.

Such is the fate of all things.

oscar palacios You are so clueless

@@Michael-yz4mc please explain

TheLouisianan Explain what? how the economy could not be able to run without companies like Lehman. People are quick to jump to conclusions on IB etc when really and truly they have no idea of what they do and how they keep the world moving.

​@@Michael-yz4mc Oscar's point wasn't that you can't run a capitalist system without companies like Lehman Brothers. The point is it's hard to feel bad for people that doomed themselves. Lehman was one of the main reasons the recession happened in the first place because they were purchasing a ton of subprime mortgage securities and felt that even though the risk was high, they would be too big to fail and the Fed would come and save them if the predatory loans associated with those securities defaulted. Lehman knew a lot of their CDOs were toxic months before they actually went bankrupt, but refused to sell because they felt the prices would continue to climb; instead, a lot of the mortgages defaulted and those CDOs quickly became worthless, Lehman's liquidity vanished, and no one including the Fed wanted to buy them because they would've had to buy all the toxic assets that Lehman already owned which everyone knew would've probably driven the buying company to bankruptcy too (Lehman Brothers had a larger share of subprime CDOs than any other investment firm at the time). Lehman's failed because they got way too greedy and the decisions lead to people becoming homeless and losing a lot of their retirement savings. That was the point Oscar made.

@hobbes you lie down with dogs, you get up with fleas

Get over it. Lehman didn't fail because it was exceptional- all the banks were rotten, all would have failed without federal intervention. Unfortunately for Lehman, they failed before TARP was passed and the Fed claims it couldn't come up with legal justification for intervening as it had for Bear Stearns, the other bank that failed before TARP. Apparently Lehman was the only US bank not big enough to not fail.

Even if they were making $10/hr I still wouldn't care

@@cameront3060 hahahaha

Where the bank gets rupt.

I think we would be been worse off

I found a better video on the subject. Best Documentary of the Housing Market Crash (of 2018?) | Inside the Meltdown | Behind the Big Short kzfaq.info/get/bejne/Zt-KaNCbx6iVYX0.html

AIG bail out the next day for 85 billion and back for more so 185 billion

And all started by Bill Clinton.

The dot com bubble Boom and bust

individual stock risk

>Then check your account when you retire You will have barely more money than what you put in. Buy & Hold S&P 500. Banks are more likely to fail than the S&P 500.

your an idiot...lehman brothers wasn't a bank....get your facts right...learn about finance as well ...ohhh and get a life while your doing that.

@@killersnake9662 oh they weren't an investment bank? Please enlighten me then on what they were. Maybe they made cars?

Lehman Brothers was a global financial services firm providing investment management to their clients...its not a normal bank...you can call it shadow banking

the s is silent.... explains it all

Real productivity is producing a product after a long and fruitful session of poking in one's nostrils. Another example of real productivity is working hard in order to turn out quality youtube comments.

It was weekend