Arsenio's ESL Podcast

Business English Podcast | Corporate Finance | Financial Reports

January 10, 2022 Arsenio Buck Season 8
Arsenio's ESL Podcast
Business English Podcast | Corporate Finance | Financial Reports
Show Notes

When Warren Buffet was approached by Lehman Brothers just before they had gone under during the great financial crisis, he looked at the financial reports and said, "wow, this is bad." With plummeting stocks and too many subprime loan mortgages, Warren knew that it was the end of Lehman.
In today's episode, we're going to look into the entire fallout of Lehman and I have a clip from the movie "The Big Short" when chaos was erupting in Morgan Stanley. Let's dive in!

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