S1-E7 : Bubbles, Bankruptcies, and Burnt Bridges
Update: 2018-12-06
Description
Aside from the staggering losses suffered by investors, 2008 is best remembered for the shocking fall of Wall Street titans Lehman Brothers and AIG. One company was bailed out by government money, the other was allowed to fail, resulting in the largest bankruptcy in history. The story behind the collapse of each firm began many years earlier, with a change in risk management policies. The subsequent decision of ‘who to save’ serves as a valuable lesson: don’t burn bridges on Wall Street.
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