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The Collapse of Lehman Brothers | Lawrence and Larry | 1
Business Movers
Leman, You Don't Know What You're Talking About?
In early february, two thousand seven, larry delivered his mother of all presentations to a room full of senior managing directors. The cancer in the sub prime market was spreading. Larry's recommendation was clear, leman needed to move fast and take heavy short positions before the whole market came crashing down. In mid march, leman c f o held a video conference and assured analyst from all over the world that everything was fine. Lawrence and larry knew it wasn't true. New century was just the beginning. It was only a matter of time before the entire house of cards toppled down.
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