Lehman Brothers Bank Collapse. Here are three very simple reasons for its failure. Bank of America didn't want a loan, anyway.
The collapse of the leading investment bank not only affected its employees or investors but also led to a global financial crisis.
Samuel Arsht Professor Corporate Law - University of Pennsylvania Law School.
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Lehman Brothers didn't have enough assets to secure one. Lehman Brothers survived many financial crises in its long history until it was driven into bankruptcy. So why didn't the government bail it out instead?
