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Business, 21.08.2020 19:01 kayleg907436

Before it went bankrupt in 2008, Lehman Brothers was leveraged over 30 to 1, meaning they had more than $30 in assets to $1 in equity. It also meant that if their asset values declined 3.3%, the loss would wipe out their equity. This level of leverage was probably

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Before it went bankrupt in 2008, Lehman Brothers was leveraged over 30 to 1, meaning they had more t...
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