Lehman Nets 550 Percent Return On Formula One InvestmentMark Melin
Lehman Brothers, the investment bank whose downfall was based on ill-fated investments in opaque mortgage-backed securities that many say was a catalyst for the 2008 financial crisis, did make an astute investment decision in 2006 to back a Formula One racing group.
The investment ultimately generated a 550% return, delivering $2 billion of additional revenue to the bank’s creditors, according to a Forbes
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