![History credits Lehman Brothers' collapse for the 2008 financial crisis. Here's why that narrative is wrong History credits Lehman Brothers' collapse for the 2008 financial crisis. Here's why that narrative is wrong](https://www.brookings.edu/wp-content/uploads/2018/09/Lehman-Brothers.jpg)
History credits Lehman Brothers' collapse for the 2008 financial crisis. Here's why that narrative is wrong
![LEHMAN BOOK | A Colossal Failure Of Common Sense... The Inside Story Of the Collapse of Lehman Brothers LEHMAN BOOK | A Colossal Failure Of Common Sense... The Inside Story Of the Collapse of Lehman Brothers](https://lawrencegmcdonald.wordpress.com/files/2009/05/colossalbullapproved.jpg)
LEHMAN BOOK | A Colossal Failure Of Common Sense... The Inside Story Of the Collapse of Lehman Brothers
![Passerby and the media outside the Lehman Brothers Global headquarters in New York on Monday, September 15, 2008. Lehman filed for bankruptcy protection and is one of the biggest investment banks to Passerby and the media outside the Lehman Brothers Global headquarters in New York on Monday, September 15, 2008. Lehman filed for bankruptcy protection and is one of the biggest investment banks to](https://c8.alamy.com/comp/PK9H16/passerby-and-the-media-outside-the-lehman-brothers-global-headquarters-in-new-york-on-monday-september-15-2008-lehman-filed-for-bankruptcy-protection-and-is-one-of-the-biggest-investment-banks-to-collapse-since-the-1990-bankruptcy-of-drexel-burnham-lambert-during-the-junk-bond-crisis-frances-m-roberts-PK9H16.jpg)
Passerby and the media outside the Lehman Brothers Global headquarters in New York on Monday, September 15, 2008. Lehman filed for bankruptcy protection and is one of the biggest investment banks to
![Amit Paranjape on Twitter: ""Lehman had morphed into a real estate hedge fund disguised as an investment bank.[2] By 2008, Lehman had assets of $680 billion supported by only $22.5 billion of Amit Paranjape on Twitter: ""Lehman had morphed into a real estate hedge fund disguised as an investment bank.[2] By 2008, Lehman had assets of $680 billion supported by only $22.5 billion of](https://pbs.twimg.com/media/DnH_3HFWsAAY9Hk.jpg)