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It was illegal to tell the public
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Inside Lehman Brothers

It was illegalto tell the public we have these assets,we have these borrowings, when I...

It was illegal
to tell the public we have these assets,
we have these borrowings, when I knew the numbers
were different, yeah

Full Transcript

00:00:01.000 --> 00:00:03.242
It was illegal to tell the public
00:00:03.336 --> 00:00:05.419
we have these assets, we have these borrowings,
00:00:05.505 --> 00:00:07.417
when I knew the numbers were different, yeah.
Duration
7 seconds
Views
41
Timestamp in Movie
00:52:26
Uploaded
Jun 26, 2025
Genres
documentary
Production
N/A

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Movie Summary

Inside Lehman Brothers is the autopsy of a crime by those who tried to prevent it from within. Mortgage brokers from California and a handful of New York executives called out these fraudulent transactions. But nobody listened.
That was not a gray area, it was red with bells ringing. - Inside Lehman Brothers 00:04
That was not a gray area, it was red with bells ringing.
When Lehman started raising money in 2008 - Inside Lehman Brothers 00:12
When Lehman started raising money in 2008
And it was, by the time they went bankrupt, - Inside Lehman Brothers 00:06
And it was, by the time they went bankrupt,
And whoever invested, they lost everything in eight months. - Inside Lehman Brothers 00:04
And whoever invested, they lost everything in eight months.
The fact that they were raising money through lying, - Inside Lehman Brothers 00:06
The fact that they were raising money through lying,
I mentioned that they were hiding all kinds of compensation, okay. - Inside Lehman Brothers 00:04
I mentioned that they were hiding all kinds of compensation,...
Certain stock awards were being hidden - Inside Lehman Brothers 00:07
Certain stock awards were being hidden
And so this meant that, for the CEO, - Inside Lehman Brothers 00:09
And so this meant that, for the CEO,
This was going to be very embarrassing - Inside Lehman Brothers 00:04
This was going to be very embarrassing
We're finally at the booklet, it's called the proxy statement, - Inside Lehman Brothers 00:09
We're finally at the booklet, it's called the prox...
I got the book and I opened it up, - Inside Lehman Brothers 00:06
I got the book and I opened it up,
By then, Mr. Fuld, the CEO, and the other guys - Inside Lehman Brothers 00:06
By then, Mr. Fuld, the CEO, and the other guys
And so, on this new table that said, - Inside Lehman Brothers 00:06
And so, on this new table that said,
He was holding 409 million and they disclosed 146 million. - Inside Lehman Brothers 00:06
He was holding 409 million and they disclosed 146 million.
They hid 260 million dollars worth of stock awards. - Inside Lehman Brothers 00:05
They hid 260 million dollars worth of stock awards.
Over a quarter billion dollars worth of stock - Inside Lehman Brothers 00:08
Over a quarter billion dollars worth of stock
Now it was black and white, - Inside Lehman Brothers 00:09
Now it was black and white,
The Securities and Exchange Commission is the regulator - Inside Lehman Brothers 00:09
The Securities and Exchange Commission is the regulator
You submit the material through an email, - Inside Lehman Brothers 00:05
You submit the material through an email,
I gave them all this information that said, hey, - Inside Lehman Brothers 00:08
I gave them all this information that said, hey,