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Warren Buffett On The 2008 Crisis financial crisis 2008

by myyachtguardian123



When the banks began to fail in 2008, executives turned to Warren Buffett in a plea for last-minute funding. He later called the events that followed an “economic Pearl Harbor.”

Watch the premiere of the CNBC Original “Crisis On Wall Street: The Week That Shook The World” Wednesday, Sept.12 at 10pm ET/PT.

Ten years after the fall of Lehman Brothers, CNBC has produced the definitive televised account of the historic bankruptcy and cascade of events over a September weekend in 2008 that led to the worst financial crisis in generations. In this prime time original documentary, Andrew Ross Sorkin, CNBC anchor and author of the groundbreaking best-seller “Too Big to Fail,” reports on how the nation and the world came as close as ever to a full economic collapse.

The story is told through gripping interviews with those at the highest reaches of the U.S. government as well as the CEOs of the nation’s largest banks who gathered to try to save Lehman Brothers from failure. Wall Street chiefs Jamie Dimon, John Thain, and others describe dramatic, around-the-clock negotiations. Former U.S. Secretary of the Treasury Hank Paulson tells of the desperate moment when he realized that a Lehman bankruptcy could bring down the world’s financial system.

Could a financial crisis of this magnitude happen again? Sorkin puts that question time and again to the people gathered for this CNBC documentary, who shouldered the fate of the world’s finances and who recall the nightmare scenario they faced down ten years ago.

“It would be breadlines across the country for a generation,” former president of the N.Y. Federal Reserve Tim Geithner told Sorkin. “We did feel that we were making choices and faced with outcomes that would be devastating to the lives of hundreds of millions of people.”
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23 comments

Donald Morckel 11/09/2021 - 2:29 Sáng

God Bless The Return Of TRUMP !!

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Ontario Andrews 11/09/2021 - 2:29 Sáng

The Big Short.

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Shivam Shah 11/09/2021 - 2:29 Sáng

That's pure gold 🥇

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LordTrayus 11/09/2021 - 2:29 Sáng

"Are you worried about another crisis?"

This guy clearly doesn't get Warren Buffet. Warren loves the idea of a crisis. It means he'll be the only guy with cash at a yard sale.

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Cody Orr 11/09/2021 - 2:29 Sáng

If Warren Buffett estimates that it would take 300,000 pages of information to understand that stuff I would bet good money thst the people who came up with it don't understand it and never did.

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Alpha Data 11/09/2021 - 2:29 Sáng

We a due for a big discount !!

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Samson Soturian 11/09/2021 - 2:29 Sáng

"He said short sellers are killing his stock"
[Laughs]
"When anyone says that I get mighty suspicious."
Such truth… Stock fluctuations don't effect the underlying companies, but they do effect the exec's nominal worth.

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Tatyana Moncayo 11/09/2021 - 2:29 Sáng

On July 24, 2021 online conference "GLOBAL CRISIS. THIS ALREADY AFFECTS EVERYONE" with translation to 60 languages. Join at ALLATRAUNITES. COM

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gene kwak 11/09/2021 - 2:29 Sáng

The alleged ferryboat distinctly crack because continent willy hug atop a disagreeable children. belligerent, luxuriant cat

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Beef Jerky 69 11/09/2021 - 2:29 Sáng

This man is 90 years old 😯

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Thonati m 11/09/2021 - 2:29 Sáng

Warren Buffet has Diamond Hands. I am ultra short the market as of MAR 2021.

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metallitech 11/09/2021 - 2:29 Sáng

Perhaps he should have done something for society rather than profit and helped-out Lehman.

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William Iannucci 11/09/2021 - 2:29 Sáng

I understand mr. Buffett but to put there short comings upon WE THE PEOPLE who had nothing to do with them or they're greedy profits must now SUFFER ??? AND PAY THE BILL ? That angers me for we as lower middle class as your friends think of us should not be paying or falling under the buss because of WALLSTREET. What do you think Sir ? There is a God and I do not think he is happy though he knows all about it completely . People lives are at stake here and to them it was just a game. Oh LORD God oh Merciful God and Father help us for you are the ALMIGHTY in Christ I pray. Selah Amen

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44StormBringer 11/09/2021 - 2:29 Sáng

Did he say he had to read 300,000 pages or 300-1000 pages?

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gggnumber1 11/09/2021 - 2:29 Sáng

He ain't so smart. I saw this debacle coming in 2003 based on what was happening in 2001.

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sten260 11/09/2021 - 2:29 Sáng

you know you made it when the bank calls you for a loan LOL

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iFone Fan 11/09/2021 - 2:29 Sáng

You can substitute all keywords with crypto and predict the next bubble.

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CryptoCrazy2 11/09/2021 - 2:29 Sáng

He completely glosses over how they sold Americans Crap products and packaged and sold loans that would never be solvent…you didn’t even need income verification to buy… and it’s starting again

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Raymond Caylor 11/09/2021 - 2:29 Sáng

14:27 maybe the dumbest question ever asked

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Rodrigo 11/09/2021 - 2:29 Sáng

5:15 I whish Warren could have been more specific on this question. I want to know which points on the 10k report he had problems with.

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It wasn't me 11/09/2021 - 2:29 Sáng

One of the very few billionaires that is worth his salt.

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svk4543 11/09/2021 - 2:29 Sáng

Wow ! Is bitcoin similar to the housing bubble ? Blind Belief, No basis, etc.

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Drew 11/09/2021 - 2:29 Sáng

We are the fast buyers in the billions .. what a life

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