Abstract
The aftermath of major economic and banking crises can be devastating. The one that started with the subprimes in 2007 and gained momentum with the Lehman bankruptcy, brought the American economy to its knees. Millions of people lost their houses, many more millions have been laid off as factories and offices closed, and there has been, generally, a lot of consternation as well as uncertainty about what tomorrow will bring. Companies found it difficult to defend their margins as production volumes dived.
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Notes
D. N. Chorafas, Financial Boom and Gloom: The Credit and Banking Crisis of 2007–2009 and Beyond (London: Palgrave Macmillan, 2009).
D. N. Chorafas, Capitalism without Capital (London: Palgrave Macmillan, 2009).
L. G. McDonald and P. Robinson, A Colossal Failure of Common Sense (New York: Crown Business, 2009).
D. N. Chorafas, Alternative Investments and the Mismanagement of Risk (London: Palgrave Macmillan, 2003).
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© 2014 Dimitris N. Chorafas
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Chorafas, D.N. (2014). Lehman Brothers and Bear Stearns. In: Banks, Bankers, and Bankruptcies under Crisis. Palgrave Macmillan, New York. https://doi.org/10.1057/9781137436993_5
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DOI: https://doi.org/10.1057/9781137436993_5
Publisher Name: Palgrave Macmillan, New York
Print ISBN: 978-1-349-49368-5
Online ISBN: 978-1-137-43699-3
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