Comments by "Samson Soturian" (@samsonsoturian6013) on "Why Warren Buffett Said No to Lehman and AIG in 2008" video.

  1. There was no criminality involved. Just foolishness.
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  2.  @JuniperMoonshine  lying on the internet does nothing for no one. But in thus case, as usual, a crash was produce by excessive leverage and not understanding the risks. Now go back to shoplifting groceries.
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  3.  @sukhmaidickoff  that's actually the easiest to explain of everything that happened. First is credit ratings are very easy going and give the benefit of the doubt and often give a credit rating slightly higher than people actually deserve. More importantly, the auditors themselves were buying into the bubble, so when Lehman Bros took out a loan using houses as collateral in order to build more houses, no one thought anything of it. Then there's Enron's auditor who was getting a "consulting fee," They're defunct now.
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  4. Lehman Brothers dissolved. It was good that AIG was bailed out because you didn't want their foolishness to effect the average consumer.
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  5. One of the most successful investors in history.
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  6.  @JuniperMoonshine  shut up and get drafted fool
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  7. An honest and low-risk one, but who else is there? Soldiers? Why would you idolize us either?
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  8. There was a time when some people would destroy company phones so they'd get issued the latest iPhone...
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  9.  @dragon.fromindia3235  none of those are an investment
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  10.  @dragon.fromindia3235  Do I look like a high school economics teacher?
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