Posts Tagged ‘Lehman brothers’
Ten Years- Reflecting back and looking into the future
On September 15, 2008, the fourth largest investment bank in the United States declared bankruptcy. Lehman Brothers, founded in 1850, was en route to its demise. Due to its risky investments in subprime mortgages, the company could no longer sustain itself. This behemoth firm, which had over $600 billion in assets AND over $600 billion…
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