1
answer
1
watching
258
views
27 May 2021
At the time Lehman Brothers filed for bankruptcy financial institutions serving in California were holding more that 300 billion in debt issued by Lehman. Do you think the municipal pension fund that purchased commercial papers of Lehman Brothers were following a reasonable investment guideline? If a pension fund is taking on too much risk, how should regulation be changed to limit such excessive risk taking?
At the time Lehman Brothers filed for bankruptcy financial institutions serving in California were holding more that 300 billion in debt issued by Lehman. Do you think the municipal pension fund that purchased commercial papers of Lehman Brothers were following a reasonable investment guideline? If a pension fund is taking on too much risk, how should regulation be changed to limit such excessive risk taking?
1
answer
1
watching
258
views
For unlimited access to Homework Help, a Homework+ subscription is required.
Read by 1 person