3 ms·
My Role in the Collapse of Lehman Brothers
- justinweiss 18y agoMy Role in the Collapse of Lehman Brothers: I wasn't a very good programmer when I was an intern there, and they had me working on various internal financial calculators. :-(
- nazgulnarsil 18y agothis highlights a key component of the housing bubble not talked about much. the "official" home valuations quoted by assayers hired by either the homeowners or the banks. the banks, homeowners, and assayers all had incentives for inflating these quotes.
- rantfoil 18y agoGoogle cache, for convenience (site appears to be down): http://209.85.173.104/search?q=cache:3OZg4hYVaVYJ:www.orient-lodge.com/node/3180+http://www.orient-lodge.com/node/3180&hl=en&ct=clnk&cd=1&gl=us&client=firefox-a http://209.85.173.104/search?q=cache:3OZg4hYVaVYJ:www.orient...