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These efforts faltered and the situation grew more severe, even after the US government had already saved the Bear Stearns and Fannie Mae and Freddie Mac. Though it is less likely that the US government will keep Lehman's bailout, there should be a resolution from the Federal Reserve System to bolster Lehman’s finance so as to prevent the US economic declination.
II Problems and Implications
Lehman Brothers is one of the four big investment banks with, 24,700 employees around the world. For 157 years they survived the economy crisis, until recently when they found themselves in debt after the sub-prime mortgages crisis
Lehman who once reached the peak of $84 per share had the share value gradually fallen from summer of 2007...
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