Lehman Brothers and Bear Stearns

Dimitris N. Chorafas

Chapter 5 in Banks, Bankers, and Bankruptcies under Crisis, 2014, pp 87-108 from Palgrave Macmillan

Abstract: Abstract The aftermath of major economic and banking crises can be devastating. The one that started with the subprimes in 2007 and gained momentum with the Lehman bankruptcy, brought the American economy to its knees. Millions of people lost their houses, many more millions have been laid off as factories and offices closed, and there has been, generally, a lot of consternation as well as uncertainty about what tomorrow will bring. Companies found it difficult to defend their margins as production volumes dived.

Keywords: Credit Rating; Hedge Fund; Investment Bank; Banking Crisis; Commercial Real Estate (search for similar items in EconPapers)
Date: 2014
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-43699-3_5

Ordering information: This item can be ordered from
http://www.palgrave.com/9781137436993

DOI: 10.1057/9781137436993_5

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().