Too Big to Fail | The Movie...

HBO pulls off a simplification that Saints Paulson inappropriately, but actually does a relatively good job of distilling Sorkin's masterful epic of investigative reporting into something the average American might be able to understand... In a 'nut shell' the 'shit' hit the fan. The Government grasped for straws, and this was the result. And, if you're keeping score the hits keep coming.



Watch in its entirety HERE:

http://www.letmewatchthis.ch/watch-2723367-Too-Big-to-Fail

Official SITE:

http://www.hbo.com/movies/too-big-to-fail/inside/video/video/trailer.html#/movies/too-big-to-fail/index.html

Brilliant clarification of Lehman's REPO 105 by Paddy Hirsch, very Khanesque

Repo 105 from Marketplace on Vimeo.

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Investment Banking

The Origins of Lehman’s ‘Repo 105’

March 12, 2010, 7:02 am

"It’s not clear that there was a crime committed in the fall of Lehman Brothers. But the court-appointed examiner’s report makes it clear that there was financial massaging going on.

The examiner, Anton R. Valukas, refers repeatedly to “Repo 105,” a name for a set of accounting tactics originated by Lehman that temporarily shuffled about $50 billion off the firm’s balance sheet for the two fiscal quarters before it collapsed."

http://dealbook.blogs.nytimes.com/2010/03/12/the-british-origins-of-lehmans-accounting-gimmick/ 

Taibbi Unleashed

Wall Street's Naked Swindle

A scheme to flood the market with counterfeit stocks helped kill Bear Stearns and Lehman Brothers — and the feds have yet to bust the culprits

MATT TAIBBIPosted Oct 14, 2009 9:30 AM

 

Watch Matt Taibbi break down short-selling vs. naked short-selling on his blog, Taibblog.

On Tuesday, March 11th, 2008, somebody — nobody knows who — made one of the craziest bets Wall Street has ever seen. The mystery figure spent $1.7 million on a series of options, gambling that shares in the venerable investment bank Bear Stearns would lose more than half their value in nine days or less. It was madness — "like buying 1.7 million lottery tickets," according to one financial analyst.

But what's even crazier is that the bet paid.

http://www.rollingstone.com/politics/story/30481512/wall_streets_naked_swindle/print