Lehman brothers 2008 annual report

 

 

LEHMAN BROTHERS 2008 ANNUAL REPORT >> DOWNLOAD

 

LEHMAN BROTHERS 2008 ANNUAL REPORT >> READ ONLINE

 

 

 

 

 

 

 

 











 

 

In January 2008, Lehman Brothers was the fourth largest US invest-ment bank and a highly respected global financial institution. It announced record revenues for 2007, had a $35 billion market cap-italization, and held around $700 billion in assets.29 Virtually no one expected a corporate default. I'm referring to the September 2008 bankruptcy of Lehman Brothers, which up until then had been the nation's fourth-largest investment bank. Consider the stock-market timers I monitor who sported the best track records going into September 2008. On average, they had far higher equity exposure levels

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