The share price reflected the company’s state, but the share price didn’t induce the companies state. Debt and obligations were what brought down Lehman, not th

The share price reflected the company’s state, but the share price didn’t induce the companies state. Debt and obligations were what brought down Lehman, not the stock price. (Well, not directly - if the stock had been worth a lot they could have raised capital… but just like their credit spreads blowing out, their stock price drop made capital raising impossible)