Warren Buffet Calls Lehman Brothers Collapse An “Economic Pearl Harbor” (HBO)

When Lehman Brothers declared bankruptcy ten years ago on Friday, the question on everyone’s minds was simple: “Who’s next?”

If a pillar of Wall Street worth hundreds of billions of dollars just months before couldn’t be trusted with the public’s money, then nowhere was safe. Panicked investors rushed for the door, banks refused to lend to each other, and money market funds began to collapse.

“I describe it as an economic Pearl Harbor,” Warren Buffett, the legendary investor of Berkshire Hathaway, told VICE News. “It was something we hadn’t seen before. Even the 1929 panic was nothing like this. I mean, the system stopped.“

Buffett had a front row seat to the global crisis even before the Bush Administration took up the struggle. He had been approached by Lehman’s CEO Dick Fuld for emergency capital earlier in the summer, and after it failed, he found himself courted by other teetering investment banks desperate for capital. His $5 billion investment in Goldman Sachs saved the firm, and netted him billions.

He credits the Bush administration, led by Treasury Secretary Hank Paulson, with helping to prevent a second Great Depression. “When they realized the gravity of what was happening, we were having a run on the United States, maybe a run on the world, they stepped up,” Buffett said.

He’s not convinced, however, that the financial community’s takeaway from its brush with financial Armageddon will prevent future disaster. “Humans will continue to behave foolishly and sometimes en masse. And that doesn’t change. We get smarter but we don’t get wiser,” Buffett said.

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Camo & Krooked – Armageddon

Buy Now – https://itunes.apple.com/gb/album/loving-you-is-easy-remixes-ep/id730944450?uo=4&at=11l9mP
Hospital – https://www.hospitalrecords.com/shop/release/camo-krooked/nhs242-loving-you-is-easy

Austrian duo Camo & Krooked smashed back onto the scene this autumn with a bang, releasing their much anticipated second album “Zeitgeist”. Causing waves across the D&B scene, and wider dance music scenes with it’s unique disco-infused sound ‘Zeitgeist’ has been heralded by many as one of the albums of the year.

‘Loving You Is Easy’ shows us even more soul and disco style from the boys, and has become a centrepiece of their DJ sets, as well as radio tracklistings across the airwaves.

Alongside the original tempo version there are remixes from S.P.Y who ups the twists up both genre and tempo pairing an infectious garage bassline under skittering d&b backing, Infuze strips things back with some minimal dub sensibility while up-coming Belgian star Pomrad broadens the genre-pool further with his unique maximal sound.

As if all that wasn’t enough the package is rounded off with the apocalyptic ‘Armageddon’ featuring the signature Camo & Krooked sound. Heavy industrial synths build and build to a riotous drop with pile driving drums and shuddering sub-bass.

Single released 11.11.13

Like Camo & Krooked – https://www.facebook.com/CamoKrooked
Follow Camo & Krooked – https://twitter.com/CamoKrooked

Home Camo & Krooked

Camo & Krooked – Loving You Is Easy – Pomrad Remix

Buy Now – https://itunes.apple.com/gb/album/loving-you-is-easy-remixes-ep/id730944450?uo=4&at=11l9mP
Hospital – https://www.hospitalrecords.com/shop/release/camo-krooked/nhs242-loving-you-is-easy

Austrian duo Camo & Krooked smashed back onto the scene this autumn with a bang, releasing their much anticipated second album “Zeitgeist”. Causing waves across the D&B scene, and wider dance music scenes with it’s unique disco-infused sound ‘Zeitgeist’ has been heralded by many as one of the albums of the year.

‘Loving You Is Easy’ shows us even more soul and disco style from the boys, and has become a centrepiece of their DJ sets, as well as radio tracklistings across the airwaves.

Alongside the original tempo version there are remixes from S.P.Y who ups the twists up both genre and tempo pairing an infectious garage bassline under skittering d&b backing, Infuze strips things back with some minimal dub sensibility while up-coming Belgian star Pomrad broadens the genre-pool further with his unique maximal sound.

As if all that wasn’t enough the package is rounded off with the apocalyptic ‘Armageddon’ featuring the signature Camo & Krooked sound. Heavy industrial synths build and build to a riotous drop with pile driving drums and shuddering sub-bass.

Single released 11.11.13

Like Camo & Krooked – https://www.facebook.com/CamoKrooked
Follow Camo & Krooked – https://twitter.com/CamoKrooked

Home Camo & Krooked

Camo & Krooked – Loving You Is Easy – S.P.Y Remix

Pre-Order Now – https://itunes.apple.com/gb/album/loving-you-is-easy-remixes-ep/id730944450?uo=4&at=11l9mP
Hospital – https://www.hospitalrecords.com/shop/release/camo-krooked/nhs242-loving-you-is-easy

Austrian duo Camo & Krooked smashed back onto the scene this autumn with a bang, releasing their much anticipated second album “Zeitgeist”. Causing waves across the D&B scene, and wider dance music scenes with it’s unique disco-infused sound ‘Zeitgeist’ has been heralded by many as one of the albums of the year.

‘Loving You Is Easy’ shows us even more soul and disco style from the boys, and has become a centrepiece of their DJ sets, as well as radio tracklistings across the airwaves.

Alongside the original tempo version there are remixes from S.P.Y who ups the twists up both genre and tempo pairing an infectious garage bassline under skittering d&b backing, Infuze strips things back with some minimal dub sensibility while up-coming Belgian star Pomrad broadens the genre-pool further with his unique maximal sound.

As if all that wasn’t enough the package is rounded off with the apocalyptic ‘Armageddon’ featuring the signature Camo & Krooked sound. Heavy industrial synths build and build to a riotous drop with pile driving drums and shuddering sub-bass.

Single released 11.11.13

Like Camo & Krooked – https://www.facebook.com/CamoKrooked
Follow Camo & Krooked – https://twitter.com/CamoKrooked

Home Camo & Krooked