Interviews with staff who have been let go, boxes being moved

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  • čas přidán 20. 07. 2015
  • (15 Sep 2008) SHOTLIST
    1. Pan of woman carrying box out of building
    2. Lehman Brothers employees by window
    3. Security outside Lehman Brothers building entrance
    4. Pan of man walking with box inside building
    5. Employees standing outside building
    6. Pan of man carrying poster and briefcase
    7. Tracking shot of man walking, UPSOUND Reporter (English) "Excuse me sir, how are you feeling," Man (English) "How do you think?"
    8. Set up of fired trader Jack Reynolds
    9. SOUNDBITE (English) Jack Reynolds, ex-employee of Lehman Brothers
    "I don't know anything more than you, I've only been here a week, graduate scheme and so my career has been halted at the first hurdle. And that's it."
    10. Mid of staff
    11. SOUNDBITE (English) Burhan Uddin, Employee in Finance department:
    "Things still need to be done, business as usual as far as I know."
    (Reporter : "Everyone we've spoken to has said basically is that everyone's job is gone.")
    "Well, that's not what we've been told in Finance."
    12. Wide of assembled media around staff
    13. SOUNDBITE (English) Trush Patel, Employee in Finance department:
    "It's very mysterious, people just walking around not sure what's happening. Some people are wrapping up all their belongings, some spending all their credit on their canteen cards."
    14. Man leaving building with box
    15. SOUNDBITE (English) Edouard D'Archimbaud, Trader fired on his first day at work:
    "A lot of headhunters calling us, so I think there are many possibilities but, you know, there are a lot of people at Lehman, fired today, a lot of people at Merrill Lynch probably fired in a couple of hours or days, I don't know."
    16. Media with D'Archimbaud
    17. Mid of woman selling newspapers - headline reading "5000 jobs go as banks crash."
    18. Headline of London daily newspaper Evening Standard reading "Black Monday."
    19. Tracking shot of fired employee carrying box walking down to escalator on London Tube
    STORYLINE
    The British operations of US investment bank Lehman Brothers were placed in administration on Monday to protect them from creditors, the accounting firm PricewaterhouseCoopers said, while Lehman's parent company in the United States filed a bankruptcy petition there.
    Lehman Brothers employs about 5-thousand people in the United Kingdom.
    Employees carrying boxes and bags were filmed walking out of Lehman's London offices on Monday.
    Employees of the bank, some fired, some still with jobs told of their surprise and confusion at the job losses and they spoke to the media outside their London headquarters in Canary Wharf.
    "I don't know anything more than you, I've only been here a week, graduate scheme and so my career has been halted at the first hurdle. And that's it," explained Jack Reynolds.
    "It's very mysterious, people just walking around not sure what's happening. Some people are wrapping up all their belongings, some spending all their credit on their canteen cards," said Trush Patel, an employee in finance department.
    While many employees lost their jobs Monday morning, some in the finance department said that they expected to stay on at work for a little time yet.
    "Things still need to be done, business as usual as far as I know," Burhan Uddin, a 30-year old employee in Finance department told reporters.
    One French employee, trader Edouard D'Archimbaud, who arrived from France yesterday for his first day of work, said that headhunters had been on the phone in the morning, and that he felt confident other jobs would turn up for those fired.
    Find out more about AP Archive: www.aparchive.com/HowWeWork
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    You can license this story through AP Archive: www.aparchive.com/metadata/you...

Komentáře • 400

  • @ArtMaknev
    @ArtMaknev Před 5 lety +1113

    "I've only been here for a week" Thats a really good lesson to learn!

    • @princereddy4887
      @princereddy4887 Před 3 lety +24

      Nice experience

    • @gooacnt707
      @gooacnt707 Před 3 lety +2

      “The Great Sack” spares no one ahahah

    • @intergalacticdegengypsy6135
      @intergalacticdegengypsy6135 Před 3 lety +18

      Whats the lesson?

    • @hobomike6935
      @hobomike6935 Před 3 lety +31

      @@intergalacticdegengypsy6135 don't work for wall street banks since only the people on top win

    • @jemert96
      @jemert96 Před 3 lety +15

      That's the most British looking kid I've ever seen lol

  • @mercisaun
    @mercisaun Před 3 lety +731

    Remind me to never put many personal items in my office enough that I need a box to carry out if I ever get sacked.

    • @felipeg9022
      @felipeg9022 Před 3 lety +86

      Back in those days everything was big and on paper: Notebooks, calculators, document cases, folders... Now it's almost totally digital.

    • @wendyshoo3476
      @wendyshoo3476 Před 3 lety +19

      Its ok. Some personal things for comfort while working.

    • @bayanidimasalang3072
      @bayanidimasalang3072 Před 3 lety +3

      ​@@felipeg9022
      I think a lot of people have a habit of having stuff on their desks that are not work related otherwise noteboks, calculators, document, cases folders are all supposed to be company issued, that's why they should never be brought home, Anything you have to use in your line work must be provided for by the company. That's how it was before everything went digital.

    • @davedogge2280
      @davedogge2280 Před 2 lety +17

      I resigned once from a British Airways tech job just after graduating and the biznatch Human Resources got nasty with me and said "no you cannot collect your personal items from the office, we will ship them to you". I informed them that was my private property and that they were withholding it and I needed it and could not wait for shipping. After much arguing I managed to get a manager to watch me pack and I walked out with it all. Absolute cvnts from start to finish, the subsidiary company closed 6 months after I left, it was British Airways and some IT tech company subsidiuary joint venture company, a load of crap.

    • @c.s.5770
      @c.s.5770 Před 2 lety +12

      Never get comfortable anywhere

  • @BikeTaher
    @BikeTaher Před 4 lety +709

    I interviewed with Lehman Credit Derivatives Risk Management 6 months before this happened. Thank God they rejected me!

    • @theoracle7148
      @theoracle7148 Před 3 lety +33

      You’d have only gone elsewhere. Theirs no shame in getting the can. Employers don’t care about you.

    • @a-10wartaboo77
      @a-10wartaboo77 Před 3 lety +8

      It’s crazy I thought this was New York since it’s Lehman but the images are the exact same. It shows how interconnected this world is.

    • @speedguylife
      @speedguylife Před 3 lety +1

      czcams.com/video/GHe5nEjRwpw/video.html

    • @shubhamupmanyu9082
      @shubhamupmanyu9082 Před 3 lety +1

      Dodged a bullet phew

    • @samanthaseigel3499
      @samanthaseigel3499 Před 2 lety

      czcams.com/video/laKprX-HP94/video.html

  • @jakebond2294
    @jakebond2294 Před 3 lety +412

    Bad enough to be let go but being sent out the front door with a box of your personal possessions seems beyond cruel.

    • @EvilTim1911
      @EvilTim1911 Před 2 lety +59

      With camera crews waiting in front no less

    • @MatthewChapmanYT
      @MatthewChapmanYT Před 2 lety +21

      Most deserved it

    • @thaterasound
      @thaterasound Před 2 lety +5

      Pitty to the people who helped create this. Yeah I'm so heartbroken for them

    • @thaterasound
      @thaterasound Před 2 lety +13

      Just in case you could read through the lines. I have no sympathy for anyone in wall street and I hope no one else does

    • @SimbolicProductions
      @SimbolicProductions Před 2 lety +10

      @@thaterasound Their ambition in life is merely to profit off the work of others....

  • @alexandereisen3486
    @alexandereisen3486 Před 3 lety +316

    It turns out someone making minimum wage can’t magically afford a 600k mortgage, no matter how bad we want it to happen.

    • @rmj_1
      @rmj_1 Před 2 lety +7

      Also, BB level CDO's shouldn't be marked as AAA by the whores at the rating agencies, not to mention the criminals that sold that toxic excrement to the people.

    • @davedogge2280
      @davedogge2280 Před 2 lety +15

      I remember unsecured loans in central London circa 2004, the broker just said... "can you afford that amount ?' the reply was yes and it was a done deal.

    • @viralbull8085
      @viralbull8085 Před 2 lety +4

      You can make ends meet if you're smart enough.
      People were getting 3 or 4 houses back then that were paying with credit on top of credit

    • @andrewmccoll1582
      @andrewmccoll1582 Před 2 lety +2

      @@viralbull8085 Sounds like Canada today

    • @tkaki6029
      @tkaki6029 Před 2 lety +6

      Turns out they were told by financial institution they could. They were mislead. Blame the banks not the people.

  • @clasocial1175
    @clasocial1175 Před 3 lety +345

    the fact that the big bosses at the banks didn't go to jail for this....

    • @filipdrucker4990
      @filipdrucker4990 Před 3 lety

      For causing the crash or for firing the employees?

    • @schmorris
      @schmorris Před 3 lety +46

      @@filipdrucker4990 the crash

    • @aan8977
      @aan8977 Před 2 lety +10

      They never do bro... Nowhere in the world... All are equal for the law but the Rich n powerful are more equal than the others...

    • @user-yv5uc5qc6n
      @user-yv5uc5qc6n Před 2 lety +8

      @@schmorris the crash was caused by the legislation encouraging financing for affordable housing, the banks just obeyed the government.

    • @knowledgeispower5104
      @knowledgeispower5104 Před rokem +3

      @@user-yv5uc5qc6n false

  • @sourishsaha8067
    @sourishsaha8067 Před 3 lety +170

    It's that moment when you've been sent out of the class but with all your friends

  • @GamalKevin
    @GamalKevin Před 7 lety +295

    _"How do you think?"_

  • @goldengold8568
    @goldengold8568 Před 3 lety +170

    1:53 That man is devastated and is trying to hold his emotions.

    • @jays5926
      @jays5926 Před 3 lety +30

      He’s handsome

    • @user-bv1gq8jj6b
      @user-bv1gq8jj6b Před 3 lety +8

      @@jays5926 lol

    • @hobomike6935
      @hobomike6935 Před 3 lety +19

      look at all the downward facing "red arrows" behind him on the scrolling display, showing all the devaluation that occurred during the crisis....
      it affected everyone, stateside hardest and worldwide second, because they invested in these and it collapsed

    • @jemert96
      @jemert96 Před 3 lety +3

      He's French, so it makes sense

    • @MichaelJ44
      @MichaelJ44 Před 2 lety

      @@jemert96 no

  • @davidmurphy8364
    @davidmurphy8364 Před 3 lety +127

    I know this feeling, I still remember when I lost my job at the Petrol station.

  • @sandile84
    @sandile84 Před 5 lety +437

    Plot twist, some of them bought Bitcoin under $1 and are now multi millionaires.

    • @alexm566
      @alexm566 Před 3 lety +4

      @Jake Scott bruh, BTC marketcap is still 1 trillion.

    • @kaushikyamineni494
      @kaushikyamineni494 Před 3 lety +3

      They could be multi billionaires if they would have bought just 50k worth of bitcoin at 1 doller

    • @alexm566
      @alexm566 Před 3 lety +4

      @Just As I Thought. Trash. you're confused. the hookers were paying bitcoin to post the ads, the winners were the owners of backpage, not the ones posting ads there.

    • @alexm566
      @alexm566 Před 3 lety

      @Rajmund Csombordi what are you saying?

  • @RafaelHernandez-vt8fu
    @RafaelHernandez-vt8fu Před 2 lety +49

    Imagine all the personal debt these employees had…but felt secure with their great careers. Then all of a sudden in a world of panic and fear.

  • @erdly
    @erdly Před 4 lety +189

    Haha, 0:38 those 2 guy looks like Charlie Geller and Jamie Shipley, from the movie Bigh Short. :D There was a scene where they were watching the Lehman's bankrupt.

  • @JVillMedia
    @JVillMedia Před 5 lety +244

    1:07 then thats when Ed sheerans music career was born

  • @Jl777100
    @Jl777100 Před 3 lety +105

    It's been 11-12 years. I wonder what these people are doing now.

    • @nathanhollins5010
      @nathanhollins5010 Před 3 lety +55

      People who work hard and have work ethic will be fine. Setback but they will figure it out.

    • @cccspwn
      @cccspwn Před 3 lety +46

      Many of them are probably back in finance, once the economy started to come back. To get into a top Financial company means that they have the credentials to go elsewhere.

    • @panda_pnv
      @panda_pnv Před 3 lety +35

      They were working at top banks at main offices in USA. Which implies they were the cream of the cream. There's no doubt they were absorbed by other sectors after a while.

    • @hobomike6935
      @hobomike6935 Před 3 lety +2

      they're still trying to pick up the pieces.
      people lost everything during the great depression, then WWII. the families slowly repaired their finances over the course of the 50s, 60s, and 70s, before the fuel crisis and pollution damaged many important job anchors, then the market crash of 1987, then the dot com bubble crash of the 1990s, then this happened (combined with the housing market crisis of 2008.)
      once again people started trying to pick up the pieces and even now we've got the catastrophic wars in the middle east tearing the land apart, COVID-19, half of australia burned to the ground, and other financial/food security disasters.
      the next couple are going to be people losing everything to cryptocurrencies, loss of life as people begin fighting for land/housing to shelter and feed their families, mass die-off of flora/fauna due to overfishing, foresting, and mining, and race riots instigated by people who stand to lose very little.
      the rich get richer and the poor die poor and in pain from working their whole lives just to have some substandard bread put in their mouths. anyone who tries to break free gets cancel-cultured, shot dead, or worse. it never gets better.
      communism doesn't work, either. all that does is make everyone equally poor and fighting for survival, unless you just so happen to have an in with the corrupt government that is in charge of distribution.
      the only solution is to stop being greedy, which may or may not be possible for humanity.

    • @hobomike6935
      @hobomike6935 Před 3 lety +3

      @ttb idk about socialism. I watch star trek a lot, where the Federation is kind of a utopian socialist state, but Idk if humanity could ever achieve that because we don't have post-scarcity tech yet and people are insanely paranoid and greedy about finite resources

  • @dsmvfl363
    @dsmvfl363 Před 3 lety +45

    If the Banks suffer, the people suffer. But if the Banks are fine and the people are suffering, then it’s fine.

  • @jaypalnitkar4400
    @jaypalnitkar4400 Před rokem +9

    Moral : don’t decorate your desks too much. You get to clean it one day

  • @ramones53rd3rd
    @ramones53rd3rd Před 2 lety +8

    Dam I remember this shit, never seen my parents so stressed.

  • @NorthHollywood
    @NorthHollywood Před 5 lety +106

    10 years went by in a blink. Hopefully we learn from our past.

    • @thrillamoe50
      @thrillamoe50 Před 5 lety +19

      We sadly have not. Exotic/alternative financial instruments are still being traded to this day.

    • @salimhamza9718
      @salimhamza9718 Před 5 lety +8

      Capitalism is inherently unstable, this has been going on for centuries. Very little you can do to solve this problem.

    • @frogmanthelibertarian1482
      @frogmanthelibertarian1482 Před 4 lety

      USA didn't learn about that.

    • @Gg-zd8xz
      @Gg-zd8xz Před 4 lety +3

      NorthLyfeHollywood you mean, like the 1987 crash, and the 1997 asian crash? Nah, these things will happen every decade as they always have

    • @NorthHollywood
      @NorthHollywood Před 4 lety +3

      @@Gg-zd8xz Not happening this time. The government and FED back stopped the market to prevent a crash. Heres to another decade of economic growth!

  • @Jeffamazon251
    @Jeffamazon251 Před 3 lety +13

    I remember watching tv in 720p and be like “this is not getting any better”.

    • @hobomike6935
      @hobomike6935 Před 3 lety

      and it never did. the effects are still felt to this day, like all financial crashes
      it's just like new orleans after the hurricane, the city was permanently scarred forever, and would never be able to escape bankruptcy from trying to repair and replace the damage.

    • @mister369
      @mister369 Před 2 lety +3

      @@hobomike6935 he's talking about the quality of tv

    • @kennarajora6532
      @kennarajora6532 Před 8 měsíci

      @@mister369 he must've thought 720p was a credit rating.

  • @prof.mcg.1575
    @prof.mcg.1575 Před 6 lety +38

    I walked by the Bear office in 47th when these evebts happened. Ten years has passed already and we're still in the same position. Strange days.

    • @danieldevito6380
      @danieldevito6380 Před 6 lety +2

      Prof. McG. You couldn't be more further away from the truth. The economy is doing great, unemployment is at record lows and the amount of people getting off welfare is at a height never seen before. Maybe you should know what you're talking about before making such a dumb statement so maybe you won't end up sounding like a moron.

    • @ewtwetrwerwteet
      @ewtwetrwerwteet Před 6 lety +17

      That's what they were saying right before it all imploded in 2007 you knob. It'll happen again only worse! Big fat ugly bubble with nothing in it.

    • @JamarCarr
      @JamarCarr Před 6 lety +3

      Daniel DeVito why do I get the feeling you are a trump supporter

    • @casey3685
      @casey3685 Před 5 lety +3

      I am almost with you on what you are saying, except when I see Wells Fargo under scrutiny for making fake accounts, I can only wonder what may be to come.

    • @donnionnyola1685
      @donnionnyola1685 Před 5 lety

      Daniel DeVito Wait a few years and come back and say the same thing....

  • @marcoscastro8361
    @marcoscastro8361 Před 2 lety +11

    I remember this time when things got bad,I lost my house there was no overtime in my job and I was counting on the extra money that was always there from overtime work and then gone.

  • @beast-zs5un
    @beast-zs5un Před 3 lety +45

    1:00 louis litt spotted 😁

  • @TS-ch7bx
    @TS-ch7bx Před 7 měsíci +2

    As a person who was six years old when all this happened, it is very interesting to see pictures from this time. Must have been a shocking event.

  • @maximme
    @maximme Před 5 lety +25

    "you are re-invented" - Deutshe Bank

  • @carlhorn8164
    @carlhorn8164 Před 6 lety +32

    Upstairs They seem to be excited. Weird. Taking Boxes out!

    • @maximilianfriedman4979
      @maximilianfriedman4979 Před 6 lety +14

      Carl Horn They probably fired people very quickly so that they could also quickly tell the rest that they are safe. It's almost scary how quickly people can get fired "in an organized matter".

    • @hobomike6935
      @hobomike6935 Před 3 lety +1

      they're not excited, they're hysterical and worried.
      they're frantically trying to hide or reorganize incriminating documents because they were ordered to by the owners and top stakeholders, clear things from their desks because they're being fired _en masse,_ and stressed out from trying to politely middle-manage the amount of angry and panicked phone calls coming from investors, creditors, supervisors, and shareholders.

  • @ruzzelladrian907
    @ruzzelladrian907 Před 4 lety +164

    This video looks so 90's. 😂

    • @b.o.4469
      @b.o.4469 Před 3 lety +35

      This is 2008

    • @lancechimese1715
      @lancechimese1715 Před 3 lety +11

      @@b.o.4469 man’s talking like it was some far back period when it’s literally just 12 years ago

    • @UltimateKeyboardWarrior
      @UltimateKeyboardWarrior Před 3 lety +4

      This will be 2022 under biden

    • @mofojohnson1
      @mofojohnson1 Před 3 lety

      @@lancechimese1715 probably because he is 12

    • @georgethegreat3946
      @georgethegreat3946 Před 3 lety +1

      @@UltimateKeyboardWarrior this is the USA under kamala. Idk what the hell biden is.

  • @sumeetvyas6026
    @sumeetvyas6026 Před 4 lety +47

    All dressed up with no place to go..

    • @PriyaPriya-te2ce
      @PriyaPriya-te2ce Před 3 lety +18

      They probably have better Resume than yours

    • @PeteMachini6732
      @PeteMachini6732 Před 3 lety +5

      @@PriyaPriya-te2ce probably better resumes then yours too.

    • @doctorpanigrahi9975
      @doctorpanigrahi9975 Před 3 lety

      @@PeteMachini6732 Not mine. I'm a doctor and I have my own clinic and Patho lab 🧪🧫.

    • @Kenny-tl7ir
      @Kenny-tl7ir Před 21 dnem

      @@PriyaPriya-te2ce good little boot licker. What a parasite you are

  • @ongba5890
    @ongba5890 Před 4 lety +35

    The aftermath of the fire sale day from Margin Call.

    • @Gg-zd8xz
      @Gg-zd8xz Před 4 lety +5

      No, margin call is based (thinly) on Goldman Sachs, not on Lehman brothers.
      The whole point was that had Lehman brothers dumped their toxic securities quickly enough as Goldman did in real life (and the fictitious firm), they would have escaped the worst of the trouble.

  • @dyslexiaman15
    @dyslexiaman15 Před 5 lety +88

    Thanks for uploading this. While this is tragic with people losing their jobs, this is important to have to remind us of what happened back then during the financial scare of the late 2000s. Hopefully with stuff like this we won't forget. But well... we'll see...

    • @youssefe5127
      @youssefe5127 Před 3 lety +5

      HAHAHAHAHAHAHAHAHAHAHAHAHAHA

    • @jairac300
      @jairac300 Před 2 lety +1

      Hahahahahaha

    • @helgil6545
      @helgil6545 Před rokem

      This aged like shit covered in milk

    • @ayymao1017
      @ayymao1017 Před rokem +3

      HAHAHAHAHAHAHHAHHAHAHHA
      WERE GONNA GET IT 100 TIMES WORSE NOW
      AHAHAHAHHAHAHAHHAHAHAHAHAHAHAHHAHAHAHAHHAHAH

    • @alexmercer8925
      @alexmercer8925 Před rokem

      Oh boy here we go....

  • @deficator750
    @deficator750 Před 2 lety +12

    id just grab a box and randomly start walking around just for fun

  • @TVrawks301
    @TVrawks301 Před 3 lety +24

    No job will never care about you.
    NEVER depend on a 9-5 job!
    They will use fluffy words and sayings (especially when you first join) to inspire you to stay and waste your time on them, but really, their ultimate priority is to make a profit.
    If you don’t make them the profit they want, you’re out! That’s how the workforce is supposed to work!
    What do you do? You work if you must, but ALSO work on your own wealth. Own a business/skill/product that people want. Study books on wealth and financial education and use what you learn. Have a healthy “rainy day” savings always ready in case things go south. And if things do go south, never give up - keep learning and taking care of yourself! Because again, no job ever will care for you!

    • @hobomike6935
      @hobomike6935 Před 3 lety +2

      there's no savings. the cost of living is so high and the wages/salaries are so low you're fighting every day just to have a safe place to sleep at night, some running water to bathe, and something edible.
      books/investment tips online are either unhelpful because it takes money to make money, are outdated because of volatile markets, or are just disguised advertisements to get you to drop your wealth into something that will make someone else rich further down the line.
      jobs are just as squishy and unreliable as you described; make a mistake, or the company hits a rough patch, and you recieve a pay cut or are back on the streets altogether.
      there's no point in trying to become financially stable anymore unless you're incredibly smart and are able to skill-build (many people are not.) it's nearly impossible to get ahead since the system is rigged to keep the rich people in power. it's better to invest time in learning how to be happy with what little you do have in life than to try and acquire more.
      life's temporary anyway so why bother trying to stockpile when you lose it all at the end? unless you have a wife/husband and kids to worry about don't sweat it.
      and nobody wants to date a dirt-poor anyhow because there's no security in that so you end up dying single either way. better to go out with a smile than in tears.

    • @TVrawks301
      @TVrawks301 Před 3 lety +1

      @@hobomike6935 There is a saying that "if you can or if you can't - you're right!"
      There are people who live in even worse conditions than you described - yes, even worse! - but they still built themselves up to become something great. Some of them without the internet or books!
      If you are in this situation you speak of, I can only tell you so much - it sounds like you already made your decision about how your life should be; I can't fix it nor change your mind. But you can and only you can!
      Changing your life starts with your thoughts and your beliefs - change your beliefs, you change your actions, then habits, than character, then your life! It will take time and hard work, but it works.
      That's all I'm going to say - I leave it up to you! Peace and Blessings!

  • @ManMan-ul1pn
    @ManMan-ul1pn Před 8 lety +41

    A sad moment

    • @ravi2150
      @ravi2150 Před 6 lety +7

      this is fucking history right here.

  • @prospecops
    @prospecops Před 3 lety +33

    Maybe this is what Melvin Capital and Citadel will soon look like.

    • @dankstuff5344
      @dankstuff5344 Před 3 lety +1

      Lmao 😂😂

    • @TheDrunkHamster
      @TheDrunkHamster Před 2 lety

      Yea it will. Except they won't have boxes because all items in the office will be liquidated as well

    • @gavinfindlay3263
      @gavinfindlay3263 Před 2 lety +1

      Lol good luck trying to bring down Citadel

    • @musama8771
      @musama8771 Před 2 lety

      Systems have been put in place for this not to happen, at this scale at least

    • @imdum5169
      @imdum5169 Před 2 lety

      @@gavinfindlay3263 explain this please lol

  • @tomcolley9008
    @tomcolley9008 Před 3 lety +72

    Apart from the cleaning, security and other low paid employees, I have absolutely no sympathy. They gambled billions of other people’s money and lost, simply because they were too stupid to understand the complexity of what they were doing. They did it purely because of greed.

    • @namu5583
      @namu5583 Před 3 lety +28

      Chill daddy, the man just work for a week.

    • @Holzkissen.
      @Holzkissen. Před 2 lety +1

      Coundn't agree more, they got what they deserved.

    • @StockyDude
      @StockyDude Před 2 lety +13

      Well, so did the people who bought homes they couldn’t afford. It’s not just the big bankers but also the “little people” who wanted be homeowners for clout.

    • @HortenseLapasse
      @HortenseLapasse Před 9 měsíci

      ​​@@StockyDudeoh come on. how can you compare. The people who wanted to be owners did not gamble with anybody's life but their owns. the bankers *knew* what they were doing, they just became too cocky and felt like it couldn't turn back on them. they thought if things were to turn around, only the people who contracted the loans would actually be affected. One group of people was just being naive and trying to provide for their families, while the other was manipulating and playing with people's futures due to pure greed. No comparison.

    • @StockyDude
      @StockyDude Před 9 měsíci +1

      @@HortenseLapasse Both sides got greedy. If you’re trying to buy a house that you can’t afford, that’s not being naive, that’s being stupid. They could’ve provided for their families just fine by renting. Many people bought multiple houses. They wanted to get rich. It was FOMO and the entire market paid for it.

  • @gomerhanger2285
    @gomerhanger2285 Před 2 lety +3

    2008 was such a simpler time.

  • @namu5583
    @namu5583 Před 3 lety +7

    The standar question is "How do you feel?"

  • @CameraMystique
    @CameraMystique Před 3 lety +4

    Where did they find all these boxes in such short notice...

  • @ahousecatnamedmr.jenkins1052

    Another wonderful result of Republican Economics. Your Welcome America

  • @LiveStreamDailyArchive
    @LiveStreamDailyArchive Před 3 lety +21

    I would love to see a follow up of the people featured here, to see how they are doing

    • @km47804
      @km47804 Před 2 lety +2

      They went to work for the other houses! Nothing has changed

    • @markuchiha7737
      @markuchiha7737 Před 4 měsíci

      Reality is harsh it's either you work forever and start anew or business. People should learn to have a business mindset

  • @h1inc816
    @h1inc816 Před 3 lety +80

    I get the whole screw the upper class mentality but this is a bit humiliating and hard to watch because some of us have been there...

    • @axara006
      @axara006 Před 3 lety +29

      Why “screw upper class”? Don’t we all work hard to provide better lives for ourselves? What did these people who grind long hours every day at these institutions do to you personally?

    • @aersn4locs
      @aersn4locs Před 3 lety +3

      @Victor Krum feels good to see these vultures get theirs

    • @ConsumptiveSoul
      @ConsumptiveSoul Před 3 lety +2

      I remember when I got laid off it Hurts but it’s life

    • @5445jedi
      @5445jedi Před 3 lety +6

      @@axara006 Your absurd point assumes that we interacted with some or all of the people who work in these institutions personally at one point, which is impossible. Your comment also conveniently ignores a larger context: it is much harder for people of a middle or lower class background to obtain the educational requirements needed for these high paying jobs. Members of the lower class/middle class don’t get these jobs as easily because of a lack of means/resources, not because they don’t work hard.

    • @axara006
      @axara006 Před 3 lety +4

      @@5445jedi First, the true absurd is in gross generalisation that is implied by the original comment, which assumes that all people within a certain class act/behave the same way, i.e., “laugh at lower class”. That is the most childish and close minded assumption. Second, your point on education makes no sense for two reasons: 1) I said that people in these institutions work hard (80-100 hours a week) and it has nothing to do with your statement that it’s “harder for lower class to get to these kind of jobs” - these jobs require hard work regardless of what class you are or where you came from; and in no way did I imply that people in these institutions work harder than anyone else. 2) you’re simply wrong about the education attainment opportunity - it’s EXACTLY the opposite. Do you know that if you’re family makes less a certain dollar threshold a year (e.g., $60K), you can get scholarships or a completely free ride to certain universities? Moving up the ladder is never easy, not easy for anyone - but the opportunities are certainly there

  • @davedogge2280
    @davedogge2280 Před 2 lety +17

    I never worked for Lehmans but in their I.T. department there was a Scottish guy and a Scottish gal (Mary ?) who were very nasty that interviewed me in the early 2000s with C++ for IT. Also I had a mate there who was there during the crash though and he was in I.T. but he looked after the systems in IT security months after the crash as many of the financial instruments hadn't expired and had not been sold on yet. Who was he tall HR guy there who was quite spotty and boring that must have got caught by the crash there ?

  • @Standard_Jay
    @Standard_Jay Před 4 měsíci

    I was working in Canary Wharf for one of the big banks at that time. That morning I stood down by the Reuters Screen and I could see staff lined up with their backs against the windows in the Lehman building , obviously in meeting rooms being told they were all toast. By 11 am the Slug & Lettuce bar nearby was hopping with people drinking like it was the end of the world. Surreal day

  • @Mysangeeet
    @Mysangeeet Před 2 lety +3

    History repeats #VishalGarg

  • @mvn3949
    @mvn3949 Před 7 lety +75

    how you feeling? hahaha lol

  • @aerohk
    @aerohk Před 3 lety +9

    Still sharply dressed the last day

    • @b.o.4469
      @b.o.4469 Před 3 lety +12

      Well, yeah. They were working that day.

  • @ludvigborga3676
    @ludvigborga3676 Před 6 měsíci

    This is exactly why I NEVER EVER personalize my workspace.

  • @danb1618
    @danb1618 Před rokem +2

    The sequel is slated for release 2023/2024 👀

  • @Chris-dm1vt
    @Chris-dm1vt Před 3 lety +25

    Your livelihood has been destroyed? Let’s get a good shot of you walking out with a box ❤️

  • @mrwealthysoon
    @mrwealthysoon Před 8 měsíci

    Can we get a much longer version?

  • @marcoscastro1398
    @marcoscastro1398 Před 4 měsíci +1

    This could happen again, and no one can stop it, is just the way things are. is the thrue sad for the little people like me who work 10 hours a day just to eat.

  • @samovarmaker9673
    @samovarmaker9673 Před 3 lety +17

    Go straight to your transport, do not talk to the press

  • @EarlSchieb
    @EarlSchieb Před 3 lety +4

    If anyone was wanting more incite. The reporters where paid to record the "walk of shame" caused by the oligarchs you see inside the building laughing at 0:10..... for entertainment purposes.

  • @davedogge2280
    @davedogge2280 Před 2 lety +5

    1:04 at least he made his money from doing the Harry Potter movies.

  • @restinpeacekobe2411
    @restinpeacekobe2411 Před 3 lety +3

    They all shorted GameStop too

  • @fastone942
    @fastone942 Před 3 lety +6

    I had a friend of mine worked there laughing like hell the end of the day I told him hope all the security guards get shafted out of a paycheck lol

  • @kdpowers
    @kdpowers Před 2 lety +4

    0:42 3 American Psychos

  • @krr7239
    @krr7239 Před 3 lety +2

    I am watching on sep 15 ,2020

  • @djhago3123
    @djhago3123 Před 2 lety +1

    Good enough for them

  • @jakkuwolfinsomnia8058
    @jakkuwolfinsomnia8058 Před 27 dny

    I’ve never walked out of a company with a box in hand. Then again, I’ve never been fired I always quit before they can fire me 😂

  • @claratrevlyn5304
    @claratrevlyn5304 Před 2 lety +3

    No, no, no. This is a stark example of the misreporting of the Lehman crisis at that time. These scenes were filmed on Monday 15th September 2008 outside the Lehman Brothers building in Canary Wharf, London . At that point, none of the full time Lehman staff had been "let go." Contractors had been pulled out by their agencies, and some contingent workers had likewise departed; but full time staff were not, on that day, affected. What happened was that many of them walked because they had been given incorrect information by their line management or had simply made wrong assumptions. The fact is that Lehman management had no authority to terminate staff from the moment the company was placed in administration at 7.55am that day. The decision was in the hands of the administrators, and they did not terminate any staff until the end of that month, when 840 people were made redundant. A further 373 followed at the end of October. That compares with a total of 5,802 on the payroll in September 2008. What this video doesn't show is the majority of the individuals in these scenes returning to work 2 days later, after they had received phone calls from their team managers. Around half of them transferred to the Japanese bank Nomura after the sale of the Equities and Investment Banking divisions in October 2008; some Fixed Income specialists were headhunted by other firms, notably Barclays; the rest would stay with the Administration for another 5 years to wind down the firm and repay creditors.

  • @user-fi6xc1tv6p
    @user-fi6xc1tv6p Před 6 měsíci

    The guy stepping on the elevator at last made me scared😢

  • @Hevendemo
    @Hevendemo Před 2 lety

    And now people are resigning. Beautiful.

  • @Frenchkisssss
    @Frenchkisssss Před 4 lety +2

    Looks like somebody took out the trash

  • @aztekaztek3777
    @aztekaztek3777 Před 6 lety +21

    They were taking important documents out of the building ..LOL

  • @Sharpshooter649
    @Sharpshooter649 Před rokem

    Great advertising for Iron Mountain boxes

  • @edwhitson9873
    @edwhitson9873 Před 3 lety +2

    The well heeled big deals, standing about like a regular beggar/hobo. Its one and the same plus or minus vocabulary and clothing

  • @SevenDeMagnus
    @SevenDeMagnus Před 5 lety +1

    Sad

  • @ray817oneDEEP
    @ray817oneDEEP Před 3 lety +7

    I want their business cards.

  • @aravindkramesh
    @aravindkramesh Před rokem

    history repeats itself.

  • @prophecyrevelations5653
    @prophecyrevelations5653 Před 3 lety +5

    Did any Americans work for the company?

    • @benoliver6521
      @benoliver6521 Před 3 lety +2

      I think it’s in London

    • @goldcherries
      @goldcherries Před 3 lety

      Well it's an international city so highly likely. But Lehman went belly up in the states so Yes, a lot of Americans were let go elsewhere.

  • @kingafendikingafendi8897

    It is pity to she people walking boxes

  • @arkansavalder
    @arkansavalder Před 3 lety +19

    In India People get Happy when Rich
    People go Bankrupt 😂😂😂😂

    • @jimmylives
      @jimmylives Před 3 lety +9

      In India people become rich by scamming public banks into giving loans.

    • @blacktape52black72
      @blacktape52black72 Před 3 lety +1

      these people are not rich

  • @Oniathain
    @Oniathain Před 2 lety +1

    Were most of them actors?

  • @remejas
    @remejas Před 3 lety +2

    Stay calm and buy GamesStop and AMC

  • @sophienben-achour5450
    @sophienben-achour5450 Před 3 lety +1

    CZcams: recommends this video in 2021
    Me: 🤔 what you tryin to tell me?

  • @InspireMe819
    @InspireMe819 Před 2 lety +1

    I bet those people lost everything. Probably their homes as well.

  • @travelescape3062
    @travelescape3062 Před 2 lety

    Amidst the mystery and chaos....a certain group of bankers did hit the jackpot. ...in Lehman Brothers....hence there was no regret or remorse of any bankruptcy....

  • @km47804
    @km47804 Před 2 lety +1

    Yeah people lost their jobs but these same people helped create the mess!

  • @Camus376
    @Camus376 Před 3 lety

    still reading about enron and I have the movie in blu-ray.

  • @amaze-on07
    @amaze-on07 Před 4 lety +10

    0:44 And here comes the most funniest part.
    #TheDumbQuestion

  • @ravi2150
    @ravi2150 Před 6 lety +4

    this is fucking history right here lmao

  • @XORTION
    @XORTION Před 2 lety +1

    Wow, a lot of foreigners

  • @abdullahnauman9078
    @abdullahnauman9078 Před 3 lety +1

    This feels like an Onion skit ngl

  • @lilkorea27
    @lilkorea27 Před 3 lety +3

    It their own damm fault for working for a company who puts profits over risk

    • @kdpowers
      @kdpowers Před 2 lety

      After majoring in Finance you don't have much of a choice.

  • @XroorX
    @XroorX Před 5 měsíci

    25 years ago I was making $3-$5k a week working for a guy that made $15-$20k week….
    Flying back and forth, Vegas strip once a month, eating out at least twice a day.
    Got into argument with boss one day and was fired.
    Couldn’t get a job at Papa Johns.
    Lost possessions one by one.
    Then slowly built it back up.
    I was young these guys are in their 40’s.

  • @Kameenah
    @Kameenah Před 3 lety +1

    Wolf of the Wall Street 2 coming!!!

  • @krishnaSagar69
    @krishnaSagar69 Před 2 lety

    And you had to record this on their face.

  • @rjs3590
    @rjs3590 Před 3 lety +1

    2008 market crash?

  • @larryrobinson6914
    @larryrobinson6914 Před 2 lety +1

    Been there

  • @makiss.2597
    @makiss.2597 Před 26 dny

    Who keeps a box's worth of personal crap at work?

  • @wretchedheaded7
    @wretchedheaded7 Před 3 lety +1

    Why does this compilation exist? Were people really just clamoring to see these awkward shots of people moving their supplies after they’ve been fired?

    • @hobomike6935
      @hobomike6935 Před 3 lety

      it was a national crisis so people were trying to document and get footage of anything related to it
      this is just the banks' unemployed; millions of people lost their jobs, and their *life savings* because the companies they worked for were banking with lehman brothers and went bankrupt.
      people who were 40 and 50 years old, relatively financially stable, and had been saving up for retirement through many of these banks that were considered "safe" lost everything,
      and were now dealing with final notices from evictors demanding rents or payments and scrambling for part time work at fast food restaurants. it was catastrophic and really sad.
      the people who profited from this disaster were never held accountable for their crimes and got off scott-free

  • @mrwonderful2142
    @mrwonderful2142 Před 4 lety +5

    Serves you all right

    • @anthonyhutchins2300
      @anthonyhutchins2300 Před 4 lety +2

      Why? They were just employees...

    • @cryptobuzz1680
      @cryptobuzz1680 Před 4 lety +2

      Coz these employees were responsible not all of them but they those who were involved are responsible

  • @rajithasan9319
    @rajithasan9319 Před 3 lety

    I want to know whats inside the boxes.

  • @jew_world_order
    @jew_world_order Před 6 lety +8

    I don’t know why they all left. My dad still works there.

    • @aintnoway686
      @aintnoway686 Před 6 lety +24

      ...Lehman Brothers liquidated in 2008

    • @LA-fr7fx
      @LA-fr7fx Před 5 lety +6

      I can vouch for him - his dad does indeed still work there!

    • @abcd-xr1fh
      @abcd-xr1fh Před 5 lety +15

      Yep. His desk is next to mine. Never shuts up

    • @IsolationJD
      @IsolationJD Před 4 lety +2

      Yeah hes always making a mess but we love him for it haha

    • @PriyaPriya-te2ce
      @PriyaPriya-te2ce Před 3 lety +3

      Your dads probably janitor over there

  • @bmw3842
    @bmw3842 Před rokem +1

    What's sad is we the tax payers pay for this mess.

  • @maurocandiago4869
    @maurocandiago4869 Před 3 lety +7

    "I heard that McDonalds is hiring"

  • @sranubus
    @sranubus Před 2 lety +1

    Let's be honest, you're here because you've watched every clip of the Big Short on CZcams

  • @user-if4sv4fn1q
    @user-if4sv4fn1q Před měsícem

    you both at redacted should practice deep breath yoga. It goes like this.Breath in 1 minute and breath out 2 hours. It gives you so much boost and health, please do it and we all believe that World will become better place.

  • @spudgun4286
    @spudgun4286 Před 3 lety +1

    I would have shat on the floor and stolen as much copper cable as possible on the way out

    • @danny-fu2zd
      @danny-fu2zd Před 2 lety

      That is the reason you are now broke and poor