How the 4th Largest Investment Bank in the U.S. Evoporated in 72 Hours

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In this video, we dive deep into the catastrophic 72 hours in September 2008 that sealed the fate of Lehman Brothers and triggered a historic global financial meltdown. Discover how a toxic combination of massive debt, reckless commercial real estate investments, and a deceptive accounting loophole known as "Repo 105" left the fourth-largest U.S. investment bank on the brink of insolvency. We explore the frantic, closed-door negotiations at the New York Federal Reserve where U.S. Treasury Secretary Hank Paulson and Wall Street CEOs desperately tried to engineer a private-sector rescue.

Learn why the promising buyout deals with Bank of America and British bank Barclays ultimately disintegrated, culminating in a tense transatlantic standoff and a definitive veto from UK Chancellor Alistair Darling. Finally, we unpack the devastating aftermath of Monday, September 15, 2008—the largest bankruptcy filing in U.S. history involving over $600 billion in assets. We examine how this single event froze global credit markets, caused the supposedly safe Reserve Primary Fund to "break the buck", and forced unprecedented, multi-billion-dollar government bailouts worldwide to stop the contagion.

0:00 Weight of History
2:33 Architecture of Failure: Leverage and Real Estate
5:12 Smoke, Mirrors, and Repo 105
07:05 Spring and Summer of Delusion
10:01 Friday, September 12: The Ultimatum
12:43 Saturday, September 13: The Transatlantic Standoff
17:06 Sunday, September 14: The Final Hours
22:17 Monday, September 15: The Dominoes Fall
29:03 Enduring Legacy of a Miscalculation
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