fall of lehman brothers.

[tuffluckayush]

hi....

can any 1 help me out on knowimg the following reason..fall of lehman brothers.

 

[CITYBOY]

its the sub prime mortgage dear//////////////////

 

[vikash.mishra4]

hiii,,,,Lehman was strangled by a massive credit crisis and fast plummeting real estate prices.The gargantuan $60 billion loss in bad real estate loans forced the bank to file for bankruptcy. Lehman's collapse was also triggered by the refusal of other banks to do business with it because of its complex and, at times, opaque ways of trading. Housing loans made by the bank to people with little support made these loans very risky, and when interest rates rose, these borrowers could no more repay Lehman. This led to huge losses, the extent of which is not yet clear.
i hope now it is clear to u...

 

[khaitansaket]

this was bound to come some day but the prob is y didnt they c this cming..def a learning for others