Question

JP Morgan's getting another bailout implies that Goldman Sachs cheats its clients, given that Bank of America's foreclosing on more homes implies that neither Morgan Stanley nor Citigroup curtails obscene bonuses?

A.J =JP Morgan gets another bailout.
B.G =Goldman Sachs cheats its clients.
C.B =Bank of America forecloses on more homes.
D.M =Morgan Stanley curtails obscene bonuses.
E.C =Citigroup curtails obscene bonuses.

Answer 1

Lehman Brothers went bankrupt in 2008, signaling the beginning of a major economic crisis.

Step-by-step explanation:

In 2008, the investment banking firm that went bankrupt and signaled the beginning of a major economic crisis was Lehman Brothers.

The failure of Lehman Brothers, along with other factors, contributed to the collapse of the banking system and the subsequent financial crisis.