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Lehman Brothers collapse. Sep. 15, 2008. Stock Market Reactions

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Sep 15, 2008.
The venerable Lehman Brothers financial investment financial institution claimed early Monday that it will apply for personal bankruptcy, while Financial institution of America unveiled plans to purchase Merrill Lynch– 2 items of information that greatly change the American financial landscape.

The busy modifications topped a roller-coaster Wall Road weekend break as well as endangered to stimulate UNITED STATE monetary markets currently reeling from troubles at other significant financial firms as well as home loan financing titans Fannie Mae and Freddie Mac.

" This crisis is clearly deeper than anyone had actually pictured only a brief time earlier," Peter Stein, an associate editor at The Wall surface Street Journal in Asia, told CNN.

Lehman Brothers said in a declaration early Monday that it intends to apply for insolvency under Chapter 11 of the UNITED STATE Bankruptcy Code. The 158-year-old financial investment bank had been undermined by bad bets on real estate– the worth of its shares decreased 94 percent this year.

The autumn of Lehman followed a wild, three-day shuffle by leading Wall Street executives and also government regulatory authorities, who worked around the clock to find up with an option to a still-unfolding financial crisis.

By the end of the weekend, the Federal Book had actually actioned in to try to soothe the markets by introducing strategies to loosen its financing restrictions on the financial industry.

A consortium of 10 leading residential and foreign financial institutions accepted produce a $70 billion fund for lendings to troubled financial firms.

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29 Thoughts to “Lehman Brothers collapse. Sep. 15, 2008. Stock Market Reactions”

  1. Darqhadouken

    Sign of the last days!

  2. yat sze poon

    I and all my relative will definitely never never spend any kind of money in USA related bond, fund or insurance.
    I just hope all the Chinese and the China government stop investing in USA

  3. robert organ

    “People who want to get rich fall into temptation and a trap and into many foolish and harmful desires that plunge men into ruin and destruction.”(1 Tim 6:9)

  4. John Carter

    Buy what ?

  5. Jessy Marg

    That’s right!

  6. sayfaylo

    Damn…Juice!

  7. Albertanator

    @DjScudMissile Tell that to the kurds idiot!

  8. 49fiori

    in the last second of the video she is just swallowing my sperm…

  9. ShittyGoogle+

    JP morgan next!

  10. D T

    Watch the Fed and ECB intervene again in the coming weeks. 😉

  11. Economist999

    not my type

  12. FluXez00

    lmfao wwtttffffffffff

  13. Digvijay Singh

    was a great time to buy

    1. sha370z

      9 trillion missing from the fed 2008/2009

    2. sha370z

      its 2014 and the fed still printing about 95 billion each mo and has rates at 0 

    3. Not Politically Correct

      No, Mar 6th 2009 was the only greatest time to buy

  14. gr8sword

    hard to read these 7 year old comments. Frankly, the economy has never been the same

    1. Scott Brady Guyette

      +gr8sword Agreed. Do a little research and you’ll see the same thing happen some time this year. Question is whether there’s a bail out this time.

  15. astr0ak

    Anyone watch The Big Short?

    1. Supernova

      Good movie. I agree that Inside Job is an excellent film as well. Look up Margin Call as well.

    2. Max Barnes

      astr0ak I just have.

    3. Krazykov

      haha yeap just watched it!

    4. DJLARONMUSIC

      @Anna Chiara me too

    5. Edgar Miskin

      @DJLARONMUSIC ;9cxi!boxingbywom3n

  16. Austin Cloke

    Watch out today!!

  17. Abhishek Das

    Hell broke loose

  18. Daniella Valadez

    I remember this so well. 🙁

  19. Paul Coleman

    10 years ago to the day

  20. J P

    10th year anniversary today, of the start, of the 2008 crisis. Things aren’t looking any better this time.

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