Lehman Brothers' aggressive subprime bet led to the largest bankruptcy in U.S. history, with $639 billion in debt triggering the 2008 global financial crisis. This debt load was 50% higher than the runner-up (Washington Mutual) and equaled 4.5% of the entire U.S. GDP that year. The firm's collapse reshaped global banking regulations, cementing its status as a catastrophic financial decision.
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