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When you're that overleveraged, a slight breeze is enough of a push to send you over the cliff. Nobody set out to snipe Lehman, it fell due to its own incompet
by arbitrage 11y ago
When you're that overleveraged, a slight breeze is enough of a push to send you over the cliff.
Nobody set out to snipe Lehman, it fell due to its own incompetence.
- arca_vorago 11y agoSo explain the difference between it and the other banks that were in the same state, but the others got rescued...?
- saryant 11y agoThe other banks weren't in the same state as Lehman.
- mannykannot 11y agoIt was the first to reach the end of its rope.