Professional Documents
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Introduction:
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Background:
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"In 2008, Lehman Brothers faced a severe financial crisis. The firm had
significant exposure to risky assets, particularly in the housing market. As the
subprime mortgage crisis unfolded and housing prices plummeted, Lehman
Brothers experienced substantial losses, leading to a rapid erosion of investor
confidence."
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Government Response:
"In response to the crisis, governments and central banks took swift action to
stabilize the financial system. Bailouts were provided to troubled institutions,
and emergency liquidity measures were implemented to restore confidence.
Regulators also introduced new regulations to address the underlying issues and
prevent future crises."
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Economic Consequences:
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Lessons Learned: