Glenn Blogs

 It is extremely important to learn about history and what's better than looking at the largest banking collapse in the history of the USA the Lehman Brothers By far the largest bankruptcy by a huge margin.  The 4th largest Investment in the states filed for bankruptcy on  15 September 2008. The bank formed 150 years before its collapse was founded by the Lehman bros and was not expected to fall at all. The bank that survived the Great Depression,the dotcom crash the crash was highly unexpected.   Historically the bank started off as a cotton broker connecting buyers and sellers of cotton and made money and in the 19th century they started focusing on investment banking.  During  early 20th century  the interest rate in the US was very low which meant the real estate market in the USA was booming. Lehman Brothers like all other banks rushed to take part in the real estate boom.  Most common method to buy a home was through mortgage and to earn profit Lehman bros bought multiple mor