I don't understand what you're arguing here. A fund went up 400% by making a few highly leveraged, concentrated bets. The market moved against its leveraged po

I don't understand what you're arguing here. A fund went up 400% by making a few highly leveraged, concentrated bets. The market moved against its leveraged positions and it was forced to quickly sell to a rival fund, at only an 80% profit. Nothing about that is meaningfully the same as Lehman Brothers other than the most superficial aspect of "A financial thing went down fast"