Great Finance Firms · Blowups
Lehman Brothers
158 years from Alabama cotton merchant to the largest bankruptcy in history: Dick Fuld's leverage, real estate bets, Repo 105, the failed rescue weekend, September 15, 2008, and the shock that followed.
Step 1 of 6 · Overview30 min read ·
Key idea
Prereqs: The 2008 Global Financial Crisis. Next: Salomon Brothers; Crashed (book). Sources: Anton Valukas, Lehman bankruptcy examiner's report (2010); Financial Crisis Inquiry Commission report (2011); Andrew Ross Sorkin, *Too Big to Fail* (2009).Next: 1. Timeline