Quotes About Lehman Brothers

The failure of Lehman Brothers demonstrated that liquidity provision by the Federal Reserve would not be sufficient to stop the crisis; substantial fiscal resources were necessary.

The assumption that Washington could and would resolve Lehman Brothers without a bankruptcy, as it had Bear Stearns, was the single biggest mistake in the series of mistakes in 2007 and 2008 that led to the financial panic and the ensuing epidemic of job losses.

We cannot allow the bankruptcy of a euro member state like Greece to turn into a second Lehman Brothers.

In 2008, when Lehman Brothers collapsed, we anticipated that Europe was going to have a very different bailout scheme than the U.S. because of their different political systems and different relationships between the central banks and the fiscal authorities.

There's something called, 'resolution authority,' which gives the government the power to takeover a failing bank - something they didn't have pre-Lehman Brothers.

harting the rise of Lehman Brothers, one of Wall Street's greatest investment banking houses, essentially traces the gradual emergence of a powerful, industrial United States. Beginning as cotton brokers in an agricultural society, the first Lehmans to arrive in America helped finance the Confederacy during the Civil War, and then turned to Wall Street to dabble in commodities well into the 1900s.

A Fed loan to Lehman Brothers would not have prevented a bankruptcy.

Note: Lehman Brothers was a very strong bank until it wasn't! This is why many experts utilize Canadian banks, since they tend to have the strongest financials.)

that letting Lehman go was a choice rather than an unavoidable outcome.

The problem wasn't that Lehman Brothers had been allowed to fail. The problem was that Lehman Brothers had been allowed to succeed.

I often say to entrepreneurs, 'If Lehman Brothers were Lehman Brothers & Sisters, it wouldn't have gone into bankruptcy.'

But in more than a few cases, you can draw a straight line from a cop being laid off or a union worker having his or her pension slashed back to the week of 2008 when a handful of Lehman executives took a payoff to mark down their own inventory.