Financial Crisis - Bear Stearns and Lehman Brothers


Essay, 2009

5 Pages, Grade: 1,3


Abstract or Introduction

Introduction
The collapse of the housing market (bursting of the housing bubble) and its crucial impact saw the end of the five largest US investment banks. Goldman Sachs and Morgan Stanley switched under constraints to commercial banks. Merrill Lynch was acquired by Bank of America. Bear Stearns was taken over by JP Morgan Chase. Lehman Brothers crashed completely due to the same mistakes of too high leverage and an overreliance on unrealistic real estate assets. Because of the disastrous outcomes of this bankruptcy there was a lot of discussion about the decision of the Fed to let Lehman fall.
In this paper I will start to explain the failures of Bear and Lehman, then I will analyze these states of affairs and finally I will present my recommendations for the future.

Details

Title
Financial Crisis - Bear Stearns and Lehman Brothers
Grade
1,3
Author
Year
2009
Pages
5
Catalog Number
V168112
ISBN (eBook)
9783640850082
ISBN (Book)
9783640850419
File size
333 KB
Language
English
Keywords
financial crisis, bear stearns, lehman brothers, housing market, economic crisis
Quote paper
Bachelor of Arts Lukas Brinkmann (Author), 2009, Financial Crisis - Bear Stearns and Lehman Brothers, Munich, GRIN Verlag, https://www.grin.com/document/168112

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