> What did Lehman Brothers do? Was it same type of company as in the Wall Street 2 movie?

What did Lehman Brothers do? Was it same type of company as in the Wall Street 2 movie?

Posted at: 2014-12-05 
Lehman was a brokerage and investment bank among other things

If I knew what all that entailed then I wouldn't have asked.

What kind of business was the Lehman Brothers Company?

What did they do that was so wrong?

What type of business was the one in Wall Street:Money Never Sleeps? Was it the same type of business?

Either way, can someone explain what was going on in that movie with the financial stuff - in non financial person language?