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July 2008
File:2008 Events Collage.png, From left, clockwise: Lehman Brothers went bankrupt following the Subprime mortgage crisis; Cyclone Nargis killed more than 138,000 in Myanmar; A scene from the opening ceremony of the 2008 Summer Olympics in Beijing; the 2008 Sichuan earthquake kills over 87,000; a destroyed Georgian T-72 tank during the Russo-Georgian War; the Trident Hotel in Mumbai was the site of the November 2008 Mumbai attacks;a line of detritus in a backyard made during the December, 2008 resulting from the Kingston Fossil Plant coal fly ash slurry spill ; Poster in Pristina celebrating the Independence of Kosovo from Serbia., 300x300px, thumb rect 0 0 200 200 Subprime mortgage crisis rect 200 0 400 200 Cyclone Nargis rect 400 0 600 200 2008 Summer Olympics rect 0 200 300 400 2008 Kosovo declaration of independence rect 300 200 600 400 2008 Sichuan earthquake rect 0 400 200 600 Kingston Fossil Plant coal fly ash slurry spill rect 200 400 400 600 2008 Mumbai attacks rect ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lehman Brothers
Lehman Brothers Holdings Inc. ( ) was an American global financial services firm founded in 1847. Before filing for bankruptcy in 2008, Lehman was the fourth-largest investment bank in the United States (behind Goldman Sachs, Morgan Stanley, and Merrill Lynch), with about 25,000 employees worldwide. It was doing business in investment banking, equity, fixed-income and derivatives sales and trading (especially U.S. Treasury securities), research, investment management, private equity, and private banking. Lehman was operational for 158 years from its founding in 1850 until 2008. On September 15, 2008, Lehman Brothers filed for Chapter 11 bankruptcy protection following the exodus of most of its clients, drastic declines in its stock price, and the devaluation of assets by credit rating agencies. The collapse was largely due to Lehman's involvement in the subprime mortgage crisis and its exposure to less liquid assets. Lehman's bankruptcy filing was the largest in US hist ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
