{"id":5798,"date":"2025-09-15T02:24:00","date_gmt":"2025-09-15T05:24:00","guid":{"rendered":"https:\/\/elinversordebolsillo.com.ar\/?p=5798"},"modified":"2025-09-08T09:41:36","modified_gmt":"2025-09-08T12:41:36","slug":"quiebra-de-lehman-brothers","status":"publish","type":"post","link":"https:\/\/elinversordebolsillo.com.ar\/en\/quiebra-de-lehman-brothers\/","title":{"rendered":"La Impactante Quiebra de Lehman Brothers en 2008"},"content":{"rendered":"

September 15th anniversary<\/p>\n\n\n\n

On September 15, 2008, the unthinkable happened: one of the most important banks in the United States went bankrupt. Discover the story of the Lehman Brothers bankruptcy, the most shocking event of the subprime crisis.<\/em><\/strong><\/p>\n\n\n\n

The Lehman Brothers bankruptcy<\/strong> September 15, 2008 was one of the most significant events of the global financial crisis<\/strong> which began with the subprime crisis. This collapse not only marked the end of one of the largest investment banks in the United States, but also unleashed a global economic recession<\/strong> of historic proportions. To understand its magnitude, it is crucial to explore how the subprime crisis and Lehman Brothers' decisions contributed to this collapse.<\/p>\n\n\n\n

The origin of the subprime crisis<\/h2>\n\n\n\n

The subprime crisis<\/strong> began to take shape in the late 1990s and early 2000s in the United States, when banks began offering mortgages to high-risk borrowers<\/strong> (subprime) that, under normal circumstances, would not have qualified for loans. These mortgages, known as subprime mortgages<\/strong>, were given primarily to people with poor credit histories or without a reliable fixed income.<\/p>\n\n\n\n

The subprime mortgage boom was driven by a combination of factors, including:<\/p>\n\n\n\n

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  1. Expansionary monetary policies<\/strong>: The low interest rates set by the U.S. Federal Reserve<\/strong> (Fed) stimulated demand for housing and cheap credit, making it easier for subprime borrowers to access mortgages.<\/li>\n\n\n\n
  2. Financial innovations<\/strong>: Financial institutions began to create complex financial products<\/strong>, like the mortgage-backed securities<\/strong> (MBS), which were packages of mortgages pooled together and then sold to other investors. These investments allowed subprime mortgages to be distributed across a broad spectrum of financial institutions, expanding the risk beyond the banks that originated the mortgages.<\/li>\n\n\n\n
  3. Lack of adequate regulation<\/strong>Despite the growing risk associated with subprime lending, financial regulators failed to take effective measures to stem this credit bubble. Investors and financial institutions continued to buy and sell these products without fully understanding the risks involved.<\/li>\n<\/ol>\n\n\n\n

    The boom in the real estate market and the creation of these derivative products caused a speculative bubble in housing prices. However, when housing prices began to fall in 2006 and 2007, subprime mortgages began to default<\/strong>, which unleashed a chain of problems in the global financial system.<\/p>\n\n\n\n

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    When Warren Buffett praised The Skillful Way Out of the Subprime Crisis<\/a><\/blockquote>