Lehman Brothers was a $600 billion Wall Street empire that collapsed overnight.
The 2008 meltdown spread from Lehman Brothers to global markets, impacting countries like the U.S. and UK.
How did Lehman Brothers accumulate such outsized risk? The firm's aggressive bets on mortgage securities, led by CEO Richard Fuld, triggered a chain reaction that brought down AIG and Bear Stearns. What happened to the $600 billion in assets? Investigations revealed massive fraud and hidden debts, leaving taxpayers to foot the bill.
The rise and fall of Lehman Brothers, the 158-year-old Wall Street titan whose $600 billion empire collapsed in a single day, triggering the 2008 global financial crisis.
BUILT & BROKEN — one empire built, one broken, every week.
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