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8 Bad Business Decisions
By siliconindia
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Wednesday, 14 September 2011, 23:54 IST |
1 Comments
Businesses that sank
Lehman Brothers Bankruptcy
The main holdings of the investment firm Lehman Brothers were in real estate and subprime mortgages. During the 2006-07 subprime mortgage crisis, the company did the major blunder of taking enormous loans based on its liquid assets instead of selling their huge shares of falling mortgage propriety. The firm was soon overshadowed by debt and became the biggest bankruptcy in U.S. history.
