What doctrine did the collapse of Lehman Brothers support?
"Survival of the fittest"
"Too big to fail"
"Market efficiency"
"Risk and reward"
Answer
The collapse of Lehman Brothers gave support to the "too big to fail" doctrine. This is the idea that certain businesses, particularly financial institutions, are so large and interconnected that their failure would be disastrous to the greater economic system, and they therefore must be supported by government when they face potential failure.
Beneath the Bankrupt: Exploring the Rise and Fall of Lehman Brothers - A Financial Journey
More Questions
Who approved the revised agreement of Barclays' purchase of Lehman's North American divisions?
What was Lehman Brothers' primary business?
What was the size of Lehman Brothers' bankruptcy filing?
What was the impact of Lehman Brothers' bankruptcy on global markets?
Who acquired Lehman Brothers' headquarters building in New York?
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