@@TlotlangKumalomy first comment got deleted for some odd reason…reason was banks selling regular ppl bullshxt cdos and kept selling then even after there was a crack in the dam.
Remember them banks from California that failed in 2023? Nobody brings that up, citizens banks, silicone Valley bank, signature bank, first republic banks....shut down
Canada was affected much less in 2008 primarily because Canadian banks controlled mortgage approvals. There's more emphasis on individualism in the US, less in Canada. American banks felt it was up to the individual to decide if they could afford a mortgage. It's not right or wrong. It's different cultural values. I don't blame the CEO of Lehman for his approach.
Oh it's wrong as hell People will lie all the time just like they did from 2005 to 2008 Lied about how much they made to get that house Lot of idiots lost their house And I bought them on the cheap 2008 was a great year for me and many others who got to scoop up these family homes on the cheap
In my opinion the next GFC is currently and has already been brewing. Banks have shown signs of stress. Just waiting for the cork to POP
What would the catalyst be though market crashes need catalyst?
I'm not denying it but markets need catalyst to fall otherwise the hysteria continues
@@TlotlangKumaloLast time it was banks like Leemhan selling regular ppl like me and you bullshxt
@@TlotlangKumalosame catalyst from last time….American Greed😂
@@TlotlangKumalomy first comment got deleted for some odd reason…reason was banks selling regular ppl bullshxt cdos and kept selling then even after there was a crack in the dam.
Remember them banks from California that failed in 2023? Nobody brings that up, citizens banks, silicone Valley bank, signature bank, first republic banks....shut down
This a re upload?
27:09 a deliberate act so Blackstone can pick up the pieces and the rest of the businesses. This is how Blackstone and Blackrock were born
1.12 million subscribers, but your videos barely get few 10'000s of views. What's going on Moconomy?
Just loaded a couple of hours ago;)
When the star shines down
Richard J E W I S H Fuld.
Which company used to own largest share at Lehman Brothers?😊
Which was it?
Probably Goldman Sachs
@@WallaceRoseVincent Sure? GS was a direct competitor to Lehman Brothers at the time
Thank you..
Canada was affected much less in 2008 primarily because Canadian banks controlled mortgage approvals. There's more emphasis on individualism in the US, less in Canada. American banks felt it was up to the individual to decide if they could afford a mortgage. It's not right or wrong. It's different cultural values. I don't blame the CEO of Lehman for his approach.
Oh it's wrong as hell
People will lie all the time just like they did from 2005 to 2008
Lied about how much they made to get that house
Lot of idiots lost their house
And I bought them on the cheap
2008 was a great year for me and many others who got to scoop up these family homes on the cheap
It just shows how either disillusioned or deceptive people are nowadays or how much worse society is becoming.
1st view
And the beginning of passing off financial failures onto the American people 😂
The sharper the suit, the wider the smile, the bigger the scam
Dick fulds name will forever amuse me
Folds bro it folds
@@itsmarcofam7873 Can you spell
Richard J E W I S H Fuld.