Essay: Article on Lehman brothers
The article that has been selected for the paper depicts the opinion of the author on the failure of the Lehman brothers and the failure of the capital markets.
The author Liaquat Ahamed is of the opinion in his article that the failure of the Lehman Brothers was a massive letdown, however the straw that broke the camel’s back was not the failure of Lehman brothers or the decreasing consumer confidence in the capital markets, but instead it was the lack of government intervention to rectify the failing market. Economic theory for perfect markets states that market failures occur when a market strived to become perfect however some sort of intervention is often required by the government top support and rectify the failing market. In this regard the author states that the lack of the congress support for the bailout plan for Lehman Brothers and the failing capital markets in early 2008 triggered the final failure of the capital markets.
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