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Describe the collapse of the Lehman Brothers in 2008. Some institutional investors were concerned that Lehman Brothers might have been overstating its earnings in 2007

Describe the collapse of the Lehman Brothers in 2008. Some institutional investors were concerned that Lehman Brothers might have been overstating its earnings in 2007 and early 2008. Explain why more accurate disclosure by banks and other financial institutions may help to resolve financial problems.

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