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RE: LeoThread 2024-12-31 08:23

in LeoFinance10 months ago

Part 8/11:

The infamous Lehman Brothers, led by CEO Dick Fuld, epitomized the hubris of the era. They used accounting gimmicks to mask their staggering debt, hiding essential financial information from both investors and regulators. Despite the eventual failure of the firm, no charges were filed against Fuld or his senior staff, prompting ongoing scrutiny regarding accountability in the financial sector.

The Aftermath and Unlearned Lessons