Home -> Law Blog Directory -> Legal Commentary Blogs -> Economics of Contempt

Legal Commentary

: Economics of Contempt

Let's Play "Name that Investment Bank"!

By Anonymous

I'm going to post a few pages of an internal presentation at a major investment bank (from November 2007) and you try to guess the identity of the bank. (I've whited-out all the identifying portions.)


Very savvy! Clearly, this bank was no fool ? they saw the problems in subprime coming, understood the implications for CDOs, and positioned themselves accordingly.

Think you know who it is? I'll put the answer (and the full presentation) under the fold.

You guessed Goldman, right? Wrong! It was.....Lehman Brothers. I kid you not. Full presentation below. Maybe now people will stop focusing on Goldman's decision to get short the housing market as The Reason that Goldman survived and performed so well. Probably not though.

Lehman - ABS CDO Exposure (Nov. 1, 2007)

Full post as published by Economics of Contempt on July 10, 2010 (boomark / email).