Lehman Brothers collapse. Sep. 15, 2008. Stock Market Reactions
Sep 15, 2008. The venerable Lehman Brothers investment bank said early Monday that it will file for bankruptcy, while Bank of America unveiled plans to buy Merrill Lynch — two pieces of news that profoundly alter the American financial landscape. The fast-paced changes capped a roller-coaster Wall Street weekend and threatened to stir up US financial markets already reeling from woes at other major financial firms and mortgage financing titans Fannie Mae and Freddie Mac. "This crisis is clearly deeper than anybody had imagined only a short time ago," Peter Stein, an associate editor at The Wall Street Journal in Asia, told CNN. Lehman Brothers said in a statement early Monday that it plans to file for bankruptcy under Chapter 11 of the US Bankruptcy Code. The 158-year-old investment bank had been undermined by bad bets on real estate — the value of its shares declined 94 percent this year. The fall of Lehman followed a wild, three-day scramble by top Wall Street executives and federal regulators, who worked around the clock to come up with a solution to a still-unfolding financial crisis. By the end of the weekend, the Federal Reserve had stepped in to try to calm the markets by announcing plans to loosen its lending restrictions on the banking industry. A consortium of 10 leading domestic and foreign banks agreed to create a billion fund for loans to troubled financial firms. Source: edition.cnn.com
Video Rating: 4 / 5
What are all the libs complaining about? This got Obama elected POTUS. They make it sound like the recession was counterproductive. I would think in liberal circles that Sep. 15 is a national holiday.
My advice to any and every American with some sense. CANCEL your credit cards, lose the second car, lose the house, get a rental, stick your salary checks into a SAVINGS account, if you take a loan for anything let it be for a college degree.
america and israel is sinking. thank you god.
Richard Fuld is hardly alone. There are thousands of other greedy scumbag CEOs all over the country that are pocketing way, waaay more money than they deserve while shafting the common folks that do the actual grunt work that created the success. This evil crap needs to be addressed by any means necessary!
These two reporter women never collapse for sure.
I have free STOCK robot if anybody looking for..THANKS
JP morgan next!
in the last second of the video she is just swallowing my sperm…
I just sub to your channel and I like what you are doing. Check out my channel and sub me back if you like what you see!
IT'S UNDER NINE THOUSAAAAAAAAND!!!
the opening reporter seems a bit dodgy to be a journalist- maybe i am traditionalist/biased but i prefer to hear my news from someone – case in point the asian reporter who seems more sombre and less orangy
Those were some beautiful days. I loved every minute of it. I wish they would return
@Albertanator Good job on replying to a year old comment … Why do you point at someone else? US did this to Iraq and everyone saw it. (about your one-sided comment) and It's not like they're invading US it's the other way around, idiot.
@DjScudMissile Tell that to the kurds idiot!
@WretchedDrake …..She has a tiny asshole.
the asian reporter is fucking hoootttttt!!!!!
They should have hauled Richard Fuld off to the Gulag.
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little did people know at the time it would only get worse
why don't you look up "govb" on the stockmarket in "saving loans" under "banks".then tell me what you see.i'm tried of saying what i see.i have kick out of the stock market and can't talk about it there. hint 950.00 on 52 week high for a 9.50 stock in that time frame.have a nice day.MSJR
message me….
sayonara CONners! bwahaha
I think letting Lehmens Bro go was a good Idea.
think time line…Lehman fails then out-a nowhere Oil falls like a rock at a speed and a range never seen before. Diagnosis: Lehman must have been shorting Oil contracts and Oil options. just a guess…
thanks again for your video! Robin's all right. It's too bad she works for the devil incarnate.
thanks for the vid!
EXPERIMENT:
stock analyst say the market is crashing because consumers are broke…
I say stock market is crashing because people are finally boycotting large corporations.
It might be both, it might be neither
if you are BOYCOTTING hit this thread with thumbs-up
If you are not spending because its just a lack of ready cash, hit thumbs-down
thanks for your feedback!
me? "thumbs up" all day
and a bit of thumbs down too.
but I am boycotting as best I can. please join me!
looking for friends
comment me back hN