Bryan Marsal, CEO of Lehman Brothers Holdings, talks in the following clip about the unwinding process of Lehman Brothers, which according to him was done in a miscalculative way. Lehman filed the biggest bankruptcy in U.S. history (Sept. 15, ‘08) with assets of nearly $640 billion. According to Marsal, Lehman should have failed, but in an orderly way. He thinks in Lehman’s case “there was a miscalculation, a miscalculation in the way in which the windown occurred, it should not have ever been a freefall bankruptcy.” Marsal suggested a transition similar to that of Bear Stearns or Merrill Lynch would have been the right way to go.
