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On September 15, 2008, Lehman Brothers' bankruptcy (the largest bankruptcy inUS history) was the subprime mortgage crisis's climax. Today, this bankruptcy still has not been
On September 15, 2008, Lehman Brothers' bankruptcy (the largest bankruptcy inUS history) was the subprime mortgage crisis's climax. Today, this bankruptcy still has not been dissolved. Many have attributed Lehman Brothers' collapse in part to the company's reckless management of derivatives securities on its balance sheet.Also, other major Wall Street firms have been accused of the same misuse of derivatives. Is this a valid accusation? Fully explain and support your response.
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