To understand the significance of Lehman Bankruptcy all you have to do is look at the greatest bankruptcies in American history.
Lehman 639$ billion. The second value is 100$ billion, third (the famous Enron) is 63$ billion. The magnitude of Lehman is so huge. It begs the question what the regulatory organizations were doing when the firm was collapsing that heavily? Weren't there any signs or pre-cursors to the eventual downfall? Sounds unlikely to me. But what do I know of finance and markets!
Source and more details see the full article on Rediff
Lehman 639$ billion. The second value is 100$ billion, third (the famous Enron) is 63$ billion. The magnitude of Lehman is so huge. It begs the question what the regulatory organizations were doing when the firm was collapsing that heavily? Weren't there any signs or pre-cursors to the eventual downfall? Sounds unlikely to me. But what do I know of finance and markets!
Source and more details see the full article on Rediff
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