Run on the Law Firm
· bloomberg.com · popularity 36/100 · 0 similar stories today · Law & Legal Practice (Law, Crime & Justice)
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Summary
Weil Gotshal, bankers turned lawyers, onion protests, more sports bets. In the 2008 financial crisis, there was a run on a money market fund called the Reserve Primary Fund. The fund owned some Lehman Brothers securities, and when Lehman filed for bankruptcy those securities lost value and Reserve …
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