The Real Reason Lehman Failed

In a story published on Friday September 12, 2008 titled "Lehman Workers an Unhappy bunch" this excerpt found on Yahoo!Finance and CNNMoney.com.





From this statement, I can only infer that, if Lehman staff are considered top tier bankers then Bank of America must really be in trouble, especially with the purchase of failed Merrill Lynch. Furthermore, with statements like these it is no wonder why Lehman Brothers failed. Touc.

"One investment-banking analyst spoke with confidence about his job security.

'In banking, we're pretty sure we're going to get bought and if it's by Bank of America, they're going to value bankers highly,' he said. 'They've got C level bankers, and Lehman has A bankers.'"