The Collapse of Lehman Brothers | Lawrence and Larry | 1
Business Movers
00:00
New Century Stock Continued to Crash
New century was selling five billion dollars worth of mortgages a month. Lawrence believed the stock's ten % dividend, one of the biggest on the market, was artificially propping up the stock value. Lawrence and larry knew they couldn't change the past, but they did hope they could safeguard the future by evening out leman's balance sheet with short bets.
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