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Two years ago, on Sept. 14, ahead the financial unrest sweeping the earth in the occasion of the fourth-largest Wall Street investment bank Lehman Brothers declared bankruptcy. This 158-year-old furniture in the world actually explosion of sudden collapse of financial predators. Wall Street staged a real tragedy. A more solemn crisis and panic ensued: Lehman collapse of the day, the U.S. Dow down 500 points. The second day Vibram five fingers sprint shoes Upper orange Bottom black, the value of trillions of assets of American International Group (AIG) is also an crisis; several Monetary Fund, the United States in big losses Vibram five fingers kso shoes Upper net blue Bottom colorful, leading to large-scale investors to escape the money; banks are not borrowing each other, the all honor market freeze was deadlocked state . All the investment banks and many financial companies into financial crisis. Greater calamity fair around the corner. At this time, the U.S. administration began by all costs, working all out to salvage the market, to save all the "too big to fail" monetary institutions: investment 87 billion U.S. dollars to fill the cavity in AIG; the investment bank monster Morgan Stanley and Goldman Sachs converted to bank holding companies, defended along U.S. Federal Reserve; through the 700 billion U.S. dollars bailout of wrong assets, decrease the burden of loss of bank assets. The U.S. government's resolve and amounts are recognized as a market, panic began to obtain relief. Now hard to Lehman Brothers had, if only collapse will make the position better then? Lehman was head of Fuld has reproached the U.S. government not to bail five fingers 2011 new style shoes Upper balck Bottom balck, he has been reassured, as is generally believed that the Government will La Leiman Brothers 1. But then U.S. Treasury Secretary Henry Paulson has insisted that he had explicitly Fuld said the Government would not amplify a helping hand five fingers 2011 new style shoes Upper net blue Bottom white, and ascertain dozens of urging Fuld buyers or stable financing, alternatively insist on not going. Paulson said that Fuld "the most optimistic one," "there is merely he wanted to listen", so take it for granted Vibram five fingers 2011 new style shoes Upper net black Bottom white, therefore, "I gave him a course." In fact, had the threat of bankruptcy Lehman Brothers is extra than one, all the lines in the same predicament Wall Street, which with their high-risk and high-leverage the commerce model. Investment bank's assets / equity interests in the leverage ratio namely generally approximately 25 times, when the emergency comes, assets shrunk more than 4%, it is de facto insolvent, uncertain. Meanwhile, the financing of these investment banks is short-term borrow billions of dollars a day, whether the market lost trust, no longer cater financing for its actions, then bankruptcy flew into reality. At namely period all the investment bank balance sheets are a great digit of real possession mortgage derivatives, this chapter of the assets with the spread of the subprime crisis suffered massive losses (Goldman Sachs sell early for of the detriment is restricted). America's altitude five investment banks financial crisis Shan Hu finally faded under the tsunami. But in adding to Lehman, all the additional survived, cornered the corner, and now begins to build actual profits. The misadventure of Lehman Brothers Vibram Five Fingers Flow, in counting to the cardinal deserving to its senior treatment, especially its dictator Fuld self-righteous bent in times of crisis, as if no other better explanation. In fact, the Lehman Brothers crisis in the entire process has been no absence of consumers. March 2008, Lehman stock was 38 dollars, 40 dollars per share, Buffett is willing to buy, but Fuld sold for 56 U.S. dollars; when the king funds of Kuwait interested in Lehman Brothers, Fuld Also wild assumptions to 65 dollars; when merger talks with U.S. bank, Lehman Brothers also insisted to get a cloud of control. Finally, Fuld to bet the body in the United Kingdom's Barclays Bank, but also because the latter need to bring an end to ... lawful proceedings and grab up time. In short, Fuld has been cherry-picking and waste the best opportunity to save. At the same time, Lehman Brothers U.S. Government throughout the lesson of accidents there truly is no aid. At that time, the U.S. government rescue of Bear Stearns in March as has been widely denounced, is thought collusion with financial creations, the growth of the financial system of moral risk. Under such oppression, the U.S. government began to attempt to bankrupt financial traditions, try the market ambition bear. If the U.S. government was decided to save Lehman Brothers, then, is no impossible. In considering the purchase of U.S. banks Lehman Brothers, he had queried the U.S. Treasury Department to provide loss certify, yet was denied. Barclays in talks with Lehman Brothers, had hoped the Fed can provide alms, was too rejected. Fuld told the New York Fed recommended that Lehman Brothers transferred into bank holding companies Vibram five fingers classic shoes Upper black Bottom black, merely are thought ridiculousness. However, a few days later the collapse of Lehman Brothers, Goldman Sachs and Morgan Stanley of their peers merely had turned into bank holding companies. Perhaps the financial crisis of Lehman Brothers also is in need of such a heavy bombard detonated, to arouse the vigilance of the world down. Unfortunately, with the Lehman Brothers-related employees, shareholders, creditors and other affected deep. Its 25,000 workers go is not lost, maximum also have a stake in Lehman Brothers, the worth of 50 dollars a few months antecedent, one wink of an eye transform profitless.
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