2min chapter

Panic with Friends - Howard Lindzon cover image

Wall Street Legend Jim O'Shaughnessy - A Calm Voice in Turbulent Times (EP.222)

Panic with Friends - Howard Lindzon

CHAPTER

The Boys Club Is Not a Bad Side to One Reason for This Payback

The reason they picked Lehman to make the example of, and Bear, guess which two big investment banks did not go in on the big bailout? Long term capital management. It was payback. But on Wall Street, everything is still based on trust. The minute you lie to me or what we call DK, don't know. You cannot be a counterparty anymore.

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