What was the main reason of Lehman Brothers bankruptcy?

First, read the case Lehman Brothers: The Fall from Grace.

Then answer the questions. In your initial response to the topic you have to answer all questions:

What was the main reason of Lehman Brothers bankruptcy?
Do you think Richard Severin Fuld Jr. to be held more directly accountable for its role in the Lehman Brothers fall?
This isnt the first banks bankruptcy. How do you think the banks industry should move forward in regaining public trust?
Reflection the students also should include a paragraph in the initial response in their own words, using finance terminology, reflecting on specifically what they learned from the assignment and how they think they could apply what they learned in the workplace or in everyday life.
Please also note that your answers should be written in your own words. Dont use quotes from the case.

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