According to Prof. St. Clair, allowing Lehman Brothers to fail in 2008 breached the Fed's primary mandate, and worsened the financial crisis of 2008.
<h3>What caused the Lehman Brothers' failure?</h3>
The main cause of the failure of Lehman Brothers Investment Bank was its involvement in the subprime mortgage market.
Lehmann Brothers recorded unprecedented loss due to the 2008 subprime mortgage crisis.
The investment bank held onto large positions in subprime and other lower-rated mortgage tranches when securitizing the underlying mortgages.
Thus, according to Prof. St. Clair, allowing Lehman Brothers to fail in 2008 was a terrible decision because its failure breached the Fed's primary mandate, and worsened the financial crisis of 2008.
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Answer:
Katie offered to buy Jonathan's set of trading cards. Although Jonathan was reluctant to sell the cards to Katie, Katie threatened to physically hurt him if he did not sell. Jonathan reluctantly agreed and Katie gave him the money she had promised. Jonathan later changed his mind and went to court to try to get his trading cards back. Jonathan's best argument to have the contract voided is that there was no: deeds of agreement being signed by him or both parties and no witness to serve as evidence for such agreement
Explanation:
The answer would be D noncumulative stock.
Answer:
a 10
Explanation:
The formula to compute the future value is shown below
Future value = Present value × (1 + rate of interest)^number of years
where,
The Rate of interest is 10%
And, the number of years or term is 10 years
Therefore as per the given situation, the correct option is a.
hence, the same is to be considered
<span>This situation describes undue influence, that created from a relationship in which we cabm through unfair persuasion, influence or overcome the free will of another.
Under this particular context, since floramaria is a fragile elderly, the Galaxy basically could do anything towards her without having to worry that she's gonna fight back and caused trouble.</span>