Lehman Brothers: A Galvanizing Economic Force

The video discusses the 2008 financial crisis, focusing on the collapse of Lehman Brothers and its global impact. It highlights the crisis's effects on Singaporean investors, public protests, and the disconnect between Wall Street executives and the public. The video concludes with lessons learned and the potential for future financial crises.

What was the immediate reaction of financial institutions after the collapse of Lehman Brothers?

• They ignored the situation.

• They continued business as usual.

• They realized the need for collective action.

• They celebrated the collapse.

How did the Lehman Brothers collapse affect investors in Singapore?

• They gained significant profits.

• They were unaffected by the crisis.

• They faced potential losses due to structured products.

• It had no impact on them.

What was a common issue faced by investors in Singapore during the crisis?

• They lacked understanding of complex financial products.

• They had too much information.

• They were unaffected by the crisis.

• They fully understood the risks.

What personal impact did the financial crisis have on Mr. Tom?

• He suffered a heart attack due to stress.

• He moved to another country.

• He became wealthy.

• He was unaffected by the crisis.

How did Wall Street executives fare during the financial crisis?

• They lost all their money.

• They were unaffected and continued to earn millions.

• They faced severe financial penalties.

• They were jailed for their actions.

What is a significant risk associated with the behavior of investment bankers?

• They are overly empathetic.

• They may repeat past mistakes due to short-term memory.

• They have a long-term memory.

• They are too cautious.

What was a key factor in the financial crisis according to the transcript?

• Excessive regulation.

• Lack of investment opportunities.

• Too much empathy from bankers.

• Disconnection of bankers from real-world impacts.

What was one of the regulatory responses in Singapore following the crisis?

• Ignoring the crisis.

• Instituting tighter regulations on financial products.

• Encouraging riskier investments.

• Banning all financial products.

What lesson was learned about the pace of financial product development in Singapore?

• It had no impact on investors.

• It was perfectly paced.

• It was too fast for investors to understand.

• It was too slow.

What is a potential future risk mentioned in the transcript?

• Future crises could be larger than the last.

• Future crises will be smaller.

• Bankers will become more cautious.

• There will be no future crises.