Lehman Examiner Highlights Role Deteriorating Mortgage Assets Played in Investment Bank’s Fall
April 23, 2010
Congress’ forensic examination of the collapse of Lehman Brothers continued this week, with new findings highlighting how deteriorating mortgage-related assets helped pull the company under.The illiquid assets Lehman acquired as the subprime crisis unfolded “played a significant role in Lehman’s ultimate financial failure,” said Anton Valukas, the examiner for the Lehman bankruptcy...