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Lehman Brothers – A Crisis of Value | Manchester Scholarship Online
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Lehman Brothers: A Crisis of Value

Oonagh McDonald

Abstract

On September 12th 2008, Lehman Brothers was valued at 639 billion US dollars. On Monday 15th September, it was worth nothing. How could trillions of dollars seemingly melt into air? Lehman Brothers had a long and prestigious history, and certainly until the end of 2007 had appeared to be conducting a very successful business. Its collapse was the largest bankruptcy in American history and is widely regarded as a crucial event in triggering the turmoil in the markets that triggered the global financial crisis. In this book, Oonagh McDonald, the author of Fannie Mae and Freddie Mac, unravels the ... More

Keywords: Lehman Brothers, Global financial crisis, banking, crash, economy, debt, capital, bankruptcy

Bibliographic Information

Print publication date: 2015 Print ISBN-13: 9781784993405
Published to Manchester Scholarship Online: May 2016 DOI:10.7228/manchester/9781784993405.001.0001

Authors

Affiliations are at time of print publication.

Oonagh McDonald, author