![]() In reply they had a PM who said they should be thankful they weren't shot (photos) Amateur investors like Sue have made huge returns in a 'bizarre' market that's left the professionals perplexed. ![]() Behind New Zealand's clean, green image is a dirty reality.CMO says no evidence vaccine causes blood clots.Germany, Italy, France and Spain suspend AstraZeneca vaccine rollout amid blood clot concerns.'If you're offered it, take it': Government backs AstraZeneca despite blood clot concerns.'Total deviousness': Witnesses recount 'suspicious' inferno in the Luna Park Ghost Train.It was a punt that would ultimately destroy Lehman Brothers, leave Wall Street teetering above the abyss and help spark a global recession. It traced its history back to the 1850s when German brothers Henry, Emanuel and Mayer Lehman, transformed their small store in the deep south of Alabama into a bank.įrom the late 1990s Lehman Brothers sought to capitalise on the US housing boom, acquiring five big mortgage lenders, including BNC Mortgage and Aurora Loan Services.īNC and Aurora were pioneers in sub-prime lending, selling high-risk mortgages with little documentation. At the time Lehman Brothers shut down on Septemit had $US639 billion in assets and $US619 billion in debt. It still holds the record for the largest bankruptcy in US history. It was the fourth biggest investment bank behind Goldman Sachs, Morgan Stanley and Merrill Lynch leading into the global financial crisis. Before its demise, Lehman Brothers was one of titans of Wall Street. ![]()
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