Lehman Brothers Bankruptcy: Risk Management

Please answer all questions. Be precise and answer to the point. Approximatively 2 pages are asked to answer those questions. Professional presentation, extra research and financial analysis (important) are rewarded.

Risk Management:

How did Lehman Brothers manage risks? As an investor, how would you evaluate the riskiness of Lehman Brothers model over 2000-2008? Lehman Brothers reported Repurchase transactions (Repo 105) as sale transaction, why? What is the impact of this transaction on its financials?

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