Documenting Lehman's collapse

October 2008
Asian Investor;Oct2008, p4
The article offers information on the collapse of Lehman Brothers Holdings Inc. in the U.S. It states that on September 15, 2008, Lehman declared the biggest bankruptcy in the country's history, after Korea Development Bank declined to buy it. It adds that in September 20, Senator Henry Paulson proposed a $700 billion bailout of the financial system, to buy toxic securities, a plan being debated by the Congress.


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