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Why Warren Buffett Said No to Lehman and AIG in 2008

The Wall Street Journal 4 views

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There you go gen z The legendary investor doesn’t know how to use a flip phone let alone a smartphone You learn any lessons from this ?
Comment from : @hightops6440

It's February, of 2025 and we Have TRJMP 20 with MUSK and the DOGE shredder of Government structures and offices and agencies and he is rapidly cutting the Federal US Government to the BONEbrbrMaybe the 35 TRILLION US debt is a Series of 35 worthless Dominoes that can't be repaid brbrNot a fan of waking up on a Tuesday morning and finding that the US Treasury has Ceased paying Social Security and the Well has RUN DRYbrbrThe US Government has a FIAT Currency backed by NOTHING more than FAITH We better have some real Human Capital behind that I don't want my children to have to dig through the Land Fill for things to sell so they can buy enough food for a day
Comment from : @Unsolicitedbias

Thank you for the lesson Mr Buffet 🙏
Comment from : @chief6541

Nobody would help Lehman because they simply couldn’t get enough guarantees to be satisfied enough to end up helping They had burned way too much capital and they just didn’t have enough that made sense for someone to buy them out 😂
Comment from : @kavid8120

Something tells me if I asked him for say 1k he would not give it to you with some nonsense reason for why Don't like people like that
Comment from : @ArceneauxExists

Instead He went to b one of the Early investors in BYD
Comment from : @jaimemc7886

Warren:- you DONT have a fax do you?brbrManager: yes we dobrbrWarren: no, you DONT have s fax machine do you ?brbrManager: no sir, we dont
Comment from : @nopy99

Warren is smart for sure but don't let down home shucks attitude fool you he's a predatory shark like the rest of them Berkshire Hathaway is buying up mobile parks around the country and jacking up rent and evicting tenets
Comment from : @writerconsidered

He is a regular at Diddy parties 😅
Comment from : @Drbob369

It’s a surprise that he wouldn’t lend money to these fools!?
Comment from : @harriscore4

❤
Comment from : @Inder2213-r2x

Can anyone answer: Why did AIG get a bailout but Bear/Lehman Bro's didnt? How were those decisions made? Or was it just who was closer with the treasury officials at the time?
Comment from : @a_god8269

Warren Buffett is so powerful, even the ice cream machine at McDonald starts working for him
Comment from : @satoshinakamoto3342

He didnt say anything the govt said hands off they fail
Comment from : @omegaplumbing

Greed like a disease kills from within
Comment from : @searchandsave142

It's perhaps a bit humbling to think that even the richest man in the world (at the time) cannot do some things which are second nature to others, such as checking a phone's messages
Comment from : @Oliver_Saer

The most useless billionaire alive
Comment from : @michaelkillerman

Why would he bail out those greedy bastards
Comment from : @michaelkurchak5427

I would give a thief my wallet, than to give 100k of my money to WB for the money to be invested
Comment from : @facialpoker

You people need to wake up Buffett is not Mr Nice Guy and those that believe that have their heads in the sand He should have helped the people who were innocent investors in these 2 companies Musk would have helped the American people Buffett and Gates are ALL about themselves
Comment from : @chrisstapleton9642

Much like when JP Morgan (the man, not the bank) bailed out the US government long ago The gov didn't like Morgans terms, but they had to take it Buffet didn't risk his shareholders money; Morgan didn't have that restriction
Comment from : @GeorgeDoughty-m8e

He gave $5 billion to bank of america , its worth over $34 billion , US govt made $96 billion in profit on TARP
Comment from : @rj6404

These banks were thieves if you can read a P&L or a financial statement you run
Comment from : @marklevenson

I can’t define thiefery but I know it when I see it W B
Comment from : @marktweet7395

Absolutely horrible video clip IT explained NOTHING!!!! Dont waste your time on this one
Comment from : @georgebuchert2684

After the Reagan-Bush-Trump tax cuts, 1 of Americans own more than 33 of the $161 T in national family wealth 10 own 72 Musk, Ellison, Bezos together own as much as 2, more than the bottom 50 of Americans The middle income earner pays a higher effective tax rate than the richest 20 Citizens United (2010) makes it legal to purchase the legislature Source, Congressional Budget Office 2019
Comment from : @oldpossum57

Berkshire Hathaway owns BlackRock !
Comment from : @georgestefan8737

Because only the shills in DC give money to failing businesses to ensure their ownership stakes remain
Comment from : @andrewpierce1588

So Wall Street went broke, Buffett was the only guy with any money, so he hid in Canada and pretended to not know how to use a phone Smart guy
Comment from : @ienjoyapples

i love warren he is a part of the fabric that makes me who i am as a man
Comment from : @mattstevick

6 years late to this party Yes Buffet is an amazing man What did we learn from 2008? Nothing There is more deregulation now with more on the way We re-elected a man who has bankrupted his businesses 4x and doesn't care about debt, poverty or integrity Here we go again
Comment from : @RuleofFive

The foreign New york beggars asked warren buffett in omaha for money Warren Buffet Refused them
Comment from : @michaelbodine6142

2008 was crazy Just us low wage peasants knew something was wrong Stupid, illigical things were happening
Comment from : @vickilindberg6336

Warren buffet and Charlie munger just showed us the right track of investing They don’t believe in new or young companies or high tech that they don’t knowledge about
Comment from : @catherineto

So Buffet was no JP Morgan
Comment from : @koonsickgreen6272

He has been liquidating again
Comment from : @choncha23

Am no financial guru, but am totally against tax payer government bailouts of private business institutions It's mostly management and shareholders losing their play money Tax payers lose real money Screw them
Comment from : @xtbum3339

Imagine sending that 10K to Buffett with those red flags and thinking he would give you a loan That would be Lehmann treating him like they treat any of their customerssuckers Of course he's no sucker And Lehmann was desperate!!! And ultimately so foolish
Comment from : @willisknapick4405

The levels of corruption behind this man's facade is simply incredible! Always the smooth-talker and always an instigator and a vulture in every crisis!
Comment from : @tnightwolf

I Have Lost Confidence !
Comment from : @jimmyhvy2277

This guy is the biggest scammer of all time
Comment from : @joealves5070

what a ridiculous amount of violins
Comment from : @williamtoner8674

The modern JP Morgan
Comment from : @MartinJefferies-j1d

Today AIG would only need to switch the second and third letters and their funding would be no issue
Comment from : @samuelandermatt

All of us who lived through 2008 saw the peak of crony capitalism These companies were reckless, in many cases, downright criminals, and we as the taxpayers of America bailed them out The fact that a republican has since been elected is INSANE
Comment from : @ChrisCardenDrums

I really like him One of the greatest investors ever Very conservative in his strategies One thing I, personally, have never heard him say are his opinions on China He may have spoken about, I just have never heard him myself Would be interesting to know
Comment from : @lgarcia67

he is one of wisest minds on Wall Street So much to learn from him
Comment from : @isthatusama

Buffett was bailed out by the Fed in the 2008 financial crisis He was too big to fail and he is a greedy old man !
Comment from : @strangermaniacos686

Love from christ and I love you and for hope
Comment from : @dineshbernar9893

Wallstreet: “We created this system that is continuously eroding the value of what we define as money, to benefit a few, but you can step up right here and try to win some of it back”
Comment from : @coldflu

Buffett’s decision to turn down Lehman Brothers and AIG really highlights his discipline and commitment to fundamental value It’s a reminder that having cash isn't just about making deals—it's also about knowing when to say no
Comment from : @mike_valueinv

"Send me a fax"
Comment from : @johnchristian3248

2009 Bitcoin was created!
Comment from : @timlund747

Antonella dei pcci fa morire i figli delle altre e loro si salvano Olbia Mater Olbia
Comment from : @AlbeVargi

This is exactly why banks and insurers are given such low valuations Their profitability and business model is based on a tremendous amount of operational leverage and risk There’s a low margin for error, and being greedy while not hedging or accounting for that risk makes them a house of cards if one thing goes wrong The bigger they are the harder they fall brbrFunny enough Buffett made his initial fortune in the 1950’s and 60’s buying companies for pennies on the dollar whether they were distressed or mid priced below intrinsic value to turn very quick gains By 2008 though Berkshire was already a well fortified conglomerate and I think he realized the risk to reward didn’t make sense given just how underwater these companies were
Comment from : @themusic6808

He was called because he had saved Solomon Brothers
Comment from : @liuchi1992

The ugly truth the financial Markets never actually recovered And soon we're going to see it again
Comment from : @fpvsky2887

I'm buying a fax machine
Comment from : @TshepoKotelo

We are done here wait for me to finish and consider urself lucky if I make thks all
Comment from : @shankarbalakrishnan2360

Don't trust Warren buffet and George soros! They've been playing this game for years! It was all planned and was successfulbrStay far away from debt! Rather live in the shed with your parents!
Comment from : @quietsparks1791

The only reason they didn't bail out Lehman was for them to buy off its assets and cheaplyLehman was too big to fail but it failing was a guarantee for a few to make billions
Comment from : @maybinmukalamba9906

Not sending Warren Buffett a fax when he asks you to send him a fax pretty much sums up the very arrogance and incompetence of these people that led to their downfall
Comment from : @gorgolyt

The world is being forcibly turned into a monocrop which makes everything more vulnerable so that a very few sick people can benefit
Comment from : @BoreasCastel

I feel like when this man will die, there will be some kind of cataclysm in the economy He conveys that confidence and peace of mind much needed for someone in the world of investing and finance, but rarely found
Comment from : @udarpavarota396

The fact that 1 person can own a entire country is scary
Comment from : @CameronBlair-s4s

Buffet notes AIGs financial products failed In the end , the products team got big bonuses from the bailout
Comment from : @tw0ey3dm4n

Imagine being a guy that Wall Street banks and Insurance behemoths come to cap in hand begging for your help!😂
Comment from : @borderlord

He asked them to send a fax, so they just randomly sent a fax without bothering to ask him for a specific destination number
Comment from : @aroundandround

Edmonton, Kentucky lol
Comment from : @4363HASHMI

Bill Gates invests in Warren Buffet That should be introspective
Comment from : @eyeseer1

A person who spends $3 for MCD Meal and you talking why he said No to Lehman Bro's 😅
Comment from : @StockPax

Buffet is practical, why buy bad business??
Comment from : @lewpaul6310

Confidence and speculation do not seem good bedfellows
Comment from : @specialandroid1603

You make an excellent case! I’ll add 1 more point… Seeing my monthly dividend income grow is EXTREMELY motivating to continue investing Buying growth makes sense intellectually, but during a bear market, watching my growth portfolio shrink…the motivation isn’t as high as it is for dividend investing A lot of this is psychological!
Comment from : @ChristopherAbelman

if you watch to big to fail, youll see what happened the bankers were getting ready to write the plan, and one banker said "f$&k warren buffett" boom shutdown
Comment from : @fleximus_81

Pros brasileiros:brEsse cenário é o mesmo de, por exemplo, o Banco do Brasil ligar para o Barsi pedindo ajuda kkkkbrImagina o caos
Comment from : @jalexandreneto

Debt leads to bankruptcy in the short or long term; if only the bankers agenda boys ever knew
Comment from : @1439315

Perhaps bailing out banks who make stupid bets with money they don't have sets a poor precedent?
Comment from : @adrianlindsay3194

"Warren Buffet said N-" xD
Comment from : @wpftutorial

The Govt didn't bail out AIG the tax payer did Private $$ let's see the books Public $$ who cares!
Comment from : @richj011

His comment and his way of thinking is always insightful!brFor myself 1:40
Comment from : @Kane-1024

And not one of the scumbags went to prison and the bonuses continue to flow to this day
Comment from : @Chris-oz9qx

What did he have against Ali G ?
Comment from : @neilrafferty2097

He is probably lying to you” Say it ain’t so Warren
Comment from : @jimjackson4256

Insane he reviewed the financials himself 150 pages? Dudes awesome
Comment from : @michaelw5921

so many good people suffered in that time and many scumbags made a lot of money too
Comment from : @jadalizmercedes7579

"On Sept 16, 2008, the US government bailed out AIG for $85 billion"brbrNo, the American TAXPAYERS bailed out AIG via the US government spending TAXPAYER money to overly greedy a**holes that were too short-sighted to contemplate the long term effects, AND the TAXPAYERS got screwed over in a major waybrbrThere, fixed it for you
Comment from : @NateL1884

I guess he was also shocked about the moral hazard implications of buying AIG or LB, that would have been validating the industry worst culture
Comment from : @roc7880

Well the answer to the title actually would be „because he didn’t know how to operate his phone Of course he wouldn’t have said yes anyways Wha a legend
Comment from : @DangerPotatoe

This video is so usless it's almost a clickbait
Comment from : @Barbacito

ignorance is evil, these swaps are based on the inability to pay, the risk of that, which can be reproduced by the same consumer segment variously, and freshly too
Comment from : @AnhTuPhucDerrickHoangCanada