The Collapse of Lehman Brothers | Lawrence and Larry | 1
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Lehman Brothers, the world’s 4th largest investment bank, recorded billions in profits year after year, until September of 2008 when the Wall Street giant was forced to declare Chapter 11 bankruptcy, triggering a global financial meltdown. The collapse of Lehman Brothers is a cautionary tale of too much risk, not enough regulation and plenty of greed. The story starts with two traders who tried to save the company they loved.
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