[The Lehman Anniversary] Day of the dead – It lives!
OTC Pink-Sheet trading in Lehman Brothers stock continues apace, with the opportunistic and insane swapping of over 68m shares on Monday in preparation for Tuesday’s one year anniversary of the bank’s collapse.
[The Lehman Anniversary] A data retrospective
Justin Walters, co-founder of Bespoke Investment Group, provided the following series of charts and tables.
Table one: the performance of major sectors and indices in the aftermath of Lehman
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Table two:
[The Lehman Anniversary] ‘It felt like someone had just died a tragic and untimely death’
The following piece is an FT Alphaville dramatisation of an account by a junior Lehman M&A banker who watched the collapse unfold in 2008. All rights reserved.
You can also listen to this account, as voiced by a member of the FT Editorial team.
[The Lehman Anniversary] Academia
Lehm-educate yourself this weekend with our selection of academic papers and speeches examining the fall of the investment bank.
Financial crisis, global conditions, and regime changes
In this VoxEU paper,
[The Lehman Anniversary] Quotes du crise
FT Alphaville presents a selection of visionary — and not so visionary — quotes from the Lehman crisis.
To start, Dick Fuld, CEO of Lehman, on October 6, 2008:
I’m not sure I would say it was a house of cards .
[The Lehman Anniversary] One year ago: what the blogosphere and media said
FT Alphaville goes back to the morning (and afternoon) of September 15. Here’s what the blogs and media were saying as the day’s events unfolded.
The media:
Wilbur Ross: Possibly a Thousand Banks Will Close – CNBC
In an exclusive interview with CNBC.com,
[The Lehman Anniversary] One year on: the media commemorate the fall
September 15 2009 will mark the one-year anniversary of Lehman Brothers’ momentous collapse.
The mainstream media are churning out retrospectives, interactive features and video specials in commemoration of the event.
[The Lehman Anniversary] The BBC’s Lehman Towers
Did the BBC mean for their dramatisation of the last days of Lehman Brothers to be utterly, cringeworthingly hilarious?
If they didn’t, they certainly did a good job making it look like they did.
In short: