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Robert Sechan, Steven Tananbaum and Anthony Scaramucci On 'Post-Economic Traumatic Stress' – or, the decline of Lehman

By Benzinga
Asset Management

 

 

Benzinga got a sneak peek of this Sunday’s Wall Street Week show.

This week’s guests will be Mary Deatherage, managing director at Morgan Stanley Private Wealth Management; Robert Sechan, managing director at UBS; Steven Tananbaum, managing partner and CIO at GoldenTree Asset Management.
Host Anthony Scaramucci believes “post-economic traumatic stress” is upon the investment world; SEchan and Tananbaum supplement the discussion with their lessons learned from Lehman.

 

“Did Lehman’s bankruptcy throw us into oblivion?” Skybridge Capital’s Scaramucci asked.

Sechan responded, “Well, I do not. I think what happened was...Bear Stearns happened. It created a general market assumption that every bank out there was too big to fail. And then, when Lehman was let under, all hell broke loose.”

Tananbaum ...

Full story available on Benzinga.com

Photo: World Economic Forum

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