This case reveals the financial undertakings Lehman Brothers Inc, which was once the fourth largest investment bank in the world. September 15, 2008, less than a year after the bank introduced its largest profit ever, the world saw it in descending order. In terms of size of assets, Lehman is the largest bankruptcy in history, with assets, bringing the total to $ 639 billion and the U.S. commitment to $ 613 billion. The credit crisis in the U.S. has uprooted power of Wall Street, with Lehman announced it filed a petition under Chapter 11 of the U.S. Bankruptcy Code. Bankruptcy raised some interesting questions. The biggest among them: how could the major companies such as Lehman with a track record reporting huge profits, so helpless that she had to file for bankruptcy Sure, the financial scenario in the United States was bad, especially for those companies that have been in mortgage lending. Lehman had some additional limitations. This case is trying to deal with a couple of problems, one of which is the consideration of its Repo 105 transactions. Working methods of the company was opened to show how he was able to hide its true financial condition, with spaces in the financial reporting system across borders and sent to stay clean for years. "Hide
by Ram Kumar Kakani, Vasudha Singhania, Martin Stack Source: Richard Ivey School of Business Foundation 12 pages. Publication Date: 04 May 2011. Prod. #: W12977-PDF-ENG
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