Showing posts with label IBM India. Show all posts
Showing posts with label IBM India. Show all posts

Saturday, September 20, 2008

Lehman Brothers' financial free fall

Lehman Brothers' financial free fall resulted from its position in the mortgage backed securities market. As an investment bank, Lehman Brothers followed the lead of Salomon Brothers, that invented the non-Fannie/Ginnie Mae mortgage-backed securities business.

M. Arif
Sr. Software Engineer
IBM India, New Delhi
arif_zee@msn.com