Rick Rieder on Fixed Income Investments
Masters in Business
00:00
Is Lehman Brothers a Leveraged Financial Institution?
When did you start to smell things were going off the rails at Lehman Brothers? Well, I didn't. So fast forward from 87, 20 years. Now it's 05 real estate sort of peaks in price and 06 and volume. The MBS that was a big part of not what you were working with, but generally Lehman Brothers starts to roll over,. We see the derivatives begin to play out.
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