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Lehman Brothers facts

While investigating facts about Lehman Brothers Collapse and Lehman Brothers Play, I found out little known, but curios details like:

After starting his first hedge fund in 2006, 'Pharma Bro' Martin Shkreli lost a $2.3m lawsuit to Lehman Brothers. Lehman Brothers collapsed before they could collect.

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Wall Street's Lehman Brothers Got Their Start in 2 Commodities: Cotton and Slaves.

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  1. The main reason Warren Buffet didn’t help broker a deal to save Lehman Brothers from collapse during the 2008 financial crisis is that he didn’t see a text sent to his flip phone, for 10 months.

  2. In 2007 Lehman Brothers was ranked the #1 "Most Admired Securities Firm " by Fortune Magazine. The company went Bankrupt in 2008.

  3. Free Money Day held annually on September 15, the anniversary of the Lehman Brothers' 2008 filing for bankruptcy. Participants offer their own money to passing strangers at public places, two coins or notes at a time. Recipients are asked to pass on one of the notes or coins to someone else.

  4. During the financial crisis (2008) Hank Paulson of Lehman Brothers met with Alistair Darling, chancellor of the exchequer, to oversee Barclays bid for Lehmann Brothers. Darling expressed reservations and blocked the deal. 3 days later Lehman Brothers filed for bankruptcy.

  5. On the evening of the day when Lehman Brothers filed for bankruptcy a homeless guy approached Lynn Gray, the then Global chief administrative officer of LB, and asked her for money. Upon noticing her LB's bag, he said "Oh no that's okay, nevermind"

  6. One of the board members of the now bankrupt investment bank Lehman Brothers was a famous actress who once starred in a movie called "A Nice Little Bank That Should Be Robbed".

lehman brothers facts
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