The Last of Lehman Brothers

The Wall Street giant whose collapse 14 years ago helped trigger a global financial crisis is only mostly dead. In London, a handful of people attend to its European remains. For some who took the risk of buying some of the bank's distressed debt there, it's been a very profitable trade.

#Finance #Storylines #BloombergQuicktake

--------

QuickTake Originals is Bloomberg's official premium video channel. We bring you insights and analysis from business, science, and technology experts who are shaping our future. We’re home to Hello World, Giant Leap, Storylines, and the series powering CityLab, Bloomberg Businessweek, Bloomberg Green, and much more.

Subscribe for business news, but not as you've known it: exclusive interviews, fascinating profiles, data-driven analysis, and the latest in tech innovation from around the world.

Visit our partner channel QuickTake News for breaking global news and insight in an instant.

[business]

Where were you when Lehman Brothers collapsed in 2008?

[DF-ssep]

Note to self: build a tunnel for employees to leave with their boxes secretly when I make a company for speculating

[MarioRafaelM]

So what you're telling me is I still have a chance to work at Lehman Brothers right and make my dream come true

[fettywap]

Great video. Interesting delve considering 99% people haven’t a clue this happened

[noahthenomad]

I was too young to remember this happening but I'm 21 now and never knew about this and how greatly it changed things...

[ronnieriveros]

i was there.. in front of the computer in my trading deks.. watching it all unforld.. on the TV, plus feeling it in my own skin as i was trading freight.
having said that. i watch the movie and read pretty much whatever is there to read abt these guys, and salomon brothers, Gs and etc.. and the best book.. too big too fail.. loved the book

[myczxr]

"too big to fail" if history taught us anything, it's that *nothing* is too big to fail

[jagadishsharma]

At least this coverage shows that they were not fools just lending huge credits.

[edition-deluxe]

If you are wondering how the original creditors made money, it's because all the shareholder money was basically divvied up.

[sdever]

Great that shareholders got money back but they failed to mention the multitude of mortgage holders whose lives were destroyed by the fraudulent securities being traded by organisations like LB.

[WelfareChrist]

That guy mentioned he still works for Lehman managing their “commercial property exposure”. Separately I e heard the next crash is likely to be driven by commercial mortgage backed securities. Wouldn’t that be funny if the remnants of Lehman were party to two separate crashes?

[toddpacker]

I bought so much cheap real estate and rental properties in Seattle like 3 years after this happened, coming out of college. Now I’m doing great….the end.

[Energizedd]

Anyone else watching this after what’s rumoured to be happening with Credit Suisse about them on the verge of collapsing… interesting times we are living in.

[janibeg]

My elderly father-in-law lost about $50, 000 when Lehman collapsed.

[red]

I always thought Lehman Brothers was like a Burlington Coat Factory.

[michaelmartin]

Wow. Great video. And Ithought L.B. just went bust an no one recovered anything!

[laylaw]

It's the ultimate hold. Shout out to them. 😊

[Rudster]

It's criminal that these investors made a fortune while regular folks lost everything and no one went to jail!

[-_-O]

6:48 you forgot about the employees mate. Shareholder equity cleared from the balance sheets should be donated to approved associations in my opinion

[PhillCurtis]

"A lower quality of mortgage bonds" boy.. isnt that an understatement...