Repo 105 Lehman Brothers Term Paper Example | Topics and Well Written Essays - 1750 words

Repo 105 Lehman Brothers - Term Paper Example The Repo 105 has been a practice being conducted by several companies in the current world of business in order to gain financial support or other favors from the stakeholders. However, this research paper aims to explore the usage of Repo 105 by Lehman Brothers that steered to its bankruptcy. In particular, the paper makes a focus on the perceived fraud in Lehman Brothers, the response from the corporation and the government, the core issue behind the fraud, and the suggested steps that could have prevented such a misconduct to occur. The purpose of the paper is to establish the financial viability of the accounting responsibilities of the organizations and the impacts associated with poor accounting and financial concepts and decisions. This exhibits the importance of morality and transparency of the overall business and corporate world. Lehman Brothers Holding Inc. was among the largest firm globally offering financial services. In fact, it was the fourth largest investment bank the United States before the declaration of its bankruptcy. It offered services such as sale of equity and fixed incomes, trading, investment banking, private banking and equity, investment management, and financial research. Lehman Brothers filed for bankruptcy on September 15, 2008, thereby breaking the world records for being the largest with $619 billion in debts and $639 billions for their assets. Their asset surpassed the previous corporate giants such as Enron and WorldCom that had followed the similar trend of bankruptcy. Lehman Brothers was the largest victim of the induced 2008’s financial crisis of the US that affects the global financial markets. Its collapse contributed to more injuries in the 2008 financial crisis, as it steered the erosion of more money from global equity markets, which caused the decrease of the market capitalization efforts. For

Care of a Patient in the Mental Health Branch Essay

Care of a Patient in the Mental Health Branch - Essay Example The research paper â€Å"Care of a Patient in the Mental Health Branch† discusses the impact on the patient’s proper treatment and recovery process by a qualified nurse. The role of professional nursing in patient care can never be under-estimated. Nurses focus on the needs of the patient and provide individuals and their families with care and attention. The RCN defines Nursing as â€Å"the use of clinical judgment in the provision of care to enabled people to improve, maintain or recover health, to cope with health problems, and to achieve the best possible quality of life, whatever their disease or disability, until death†. The hiring and introduction of professional nurses to hospitals in the UK has had a profound and lasting impact on the health profession. The new role of the nurse as taught in colleges and universities is an expanding one and encompasses an array of new responsibilities. Where once upon a time, a nurse was content to stand by a doctor and see what he did, only speaking when spoken to and doing only as and when directed, today’s nurse has been given a role and responsibility almost equal to the doctor she is assisting on the case. Part of the enhancement of job responsibilities for professional nurses has been because of shortage of doctors or professional staff, the lack of proper interns and the general decline in health standards and patient care. Thus the expanded role of the professional nurse in the UK is making its impact felt not only on patient care but on the health profession as a whole.