news bulletin – answers

Lehman collapse hits global system

questions

1. What is the financial world doing? reeling
2. How does the woman describe the situation? disappointing
3. Where are the Lehman Brothers’ offices? Times Square in New York
4. What were the employees carrying in boxes? their office belongings
5. The company has had 158 years of what, according to woman employee? effort and hard work
6. What were the ‘shaky assets’ mostly related to? Real Estate
7. What does the financial world face? an unprecedented shake up
8. What are the markets doing today after the news?: wilting
9. How did the European stocks behave? they tumbled
10. Who is at fault? the bank ( this is a failure of a bank not the system)