Lehman collapse hits global system

By Cecilia Brabin | September 15, 2008

Sep 15 – Lehman Brothers investment bank files for bankruptcy protection as Merril Lynch sold to Bank of America in devastating weekend on Wall Street.

New York based Lehman founded 158 years ago filed for bankruptcy protection after trying to finance too many risky assets with too little capital.

It is the largest and highest profile casualty of the global credit crisis so far.

Penny Tweedie reports.

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Lehman collapse hits global system

questions

  1. What is the financial world doing?
  2. How does the woman describe the situation?
  3. Where are the Lehman Brothers’ offices?
  4. What were the employees carrying in boxes?
  5. The company has had 158 years of what, according to woman employee?
  6. What were the ‘shaky assets’ mostly related to?
  7. What does the financial world face?
  8. What are the markets doing today after the news?:
  9. How did the European stocks behave?
  10. Who is at fault?

 

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