|
|
Article: LEHMAN BROTHERS: Risk is the vital issue in assessing Lehman cases.
- Article from:
- Money Marketing
- Article date:
- September 17, 2009
CopyrightCOPYRIGHT 2009 Centaur Communications Limited. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
A year ago this week, the collapse of Lehman Brothers set off a crisis of confidence which shook the world.
The US government's decision not to bail out the investment bank was followed by the near-collapse of AIG and the devastation of markets across the globe.
The effect on the UK was immediate and quickly led to the Government stepping in to rescue and merge high-street brands previously considered too big to fail.
As the banking sector wobbled, the rest of the economy followed. It must be remembered that in the months following the collapse of Lehmans, respected economists were openly discussing the possibility of a financial ...