Lehman Brothers Quotes

• If Lehman Brothers had been a bit more Lehman Sisters ... we would not have had the degree of tragedy that we had as a result of what happened.

  Christine Lagarde

  Brother, Tragedy, Degrees

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• I don't feel like a wealthy person. Other people think of me as a wealthy person, but I don't. I feel the same as when I was a fifth-year associate trying to make partner at Lehman Brothers. I haven't changed.

  Stephen A. Schwarzman

  Brother, Thinking, Years

  "The Birthday Party" by James B. Stewart, www.newyorker.com. February 11, 2008.

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• The dirty little secret of what used to be known as Wall Street securities firms-Goldman Sachs, Morgan Stanley, Merrill Lynch, Lehman Brothers, and Bear Stearns-was that every one of them funded their business in this way to varying degress, and every one of them was always just twenty-four hours away from a funding crisis. The key to day-to-day survival was the skill with which Wall Street executives managed their firms' ongoing reputation in the marketplace.

  William D. Cohan

  Brother, Wall, Dirty

  "House of Cards: A Tale of Hubris and Wretched Excess on Wall Street". Book by William D. Cohan, March 10, 2009.

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• Now we are intimately locked together. You get swine flu in Mexico; it’s a problem for Charles de Gaulle Airport 24 hours later. Lehman Brothers goes down; the whole lot collapses. There are fires in the steppes of Russia; food riots in Africa.

  Paddy Ashdown

  Brother, Fire, Airports

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• This crisis has the potential to be a lot worse than Lehman Brothers.

  George Soros

  Brother, Crisis

  "In Euro Zone, Banking Fear Feeds on Itself" by Landon Thomas, Jr. And Nelson D. Schwartz, www.nytimes.com. September 6, 2011.

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• Barclays Bank in England purchased bankrupt Lehman Brothers Tuesday along with its Manhattan tower, saving nine thousand jobs. It's humiliating. The United States of America is 232 years old and we're having to go to mom for money.

  Argus Hamilton

  Mom, Brother, Jobs

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• While we're talking about votes, Bernie Sanders is one who voted to deregulate swaps and derivatives in 2000, which contributed to the over-leveraging of Lehman Brothers, which was one of the culprits that brought down the economy.

  Hillary Clinton

  Brother, Talking, Derivatives

  Source: www.washingtonpost.com

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• I presumably lost $150,000 in the depression of 1937—on my one stock investment—because I did everything Lehman Brothers told me. I said, well, this is a fool’s procedure . . . buying stock in other people’s businesses.

  Studs Terkel

  Brother, People, Buying

  Studs Terkel (2013). “Hard Times: An Oral History of the Great Depression”, p.83, The New Press

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• Wall Street banks have used the same tactic that Bush used in the war on terror - fear - and they've basically said that if you don't do what we tell you, the sky will fall. If you don't do what we tell you, it will be the end of capitalism as we know it. The failure of Lehman Brothers lent some credence to those fears.

  Joseph Stiglitz

  Brother, Wall, War

  Interview with Amitabh Pal, www.sharedhost.progressive.org. May 27, 2011.

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• I never once considered that it was appropriate to put taxpayer money on the line in resolving Lehman Brothers.

  Henry Paulson

  Brother, Lines, Taxpayers

  "Investors Feel The Pain of Lehman Bros. Collapse". "Morning Edition" with Renee Montagne, www.npr.org. September 16, 2008.

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• What the American people don't understand is how Merrill Lynch or AIG or Lehman Brothers can reward people, and the entity fails. Not only do the shareholders lose, but the entities lose.

  Richard Grasso

  Brother, People, Rewards

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• I wasn't on the board of Lehman Brothers. I was a banker, and I was proud of it and I traveled the country and learned how people make jobs.

  Sean Hannity

  Country, Brother, Jobs

  Source: www.foxnews.com

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• Hey, guess what? Turns out the free market? Not so free. Wall Street was hit hard Monday when Lehman Brothers filed for bankruptcy, Merrill Lynch was sold to Bank of America, and insurance giant AIG neared a collapse of its own. Basically, if your commercials air during golf tournaments, you're done.

  Amy Poehler

  Monday, Brother, Wall

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

  Henry Paulson

  Brother, Loan, Feds

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