Lehman Brothers entered bankruptcy with assets of $639 billion. This is more than the annual gross domestic product of all but the 17 wealthiest nations. The bank’s failure shocked world stock markets and triggered a credit freeze as banks, for a while, simply stopped lending to each other.
In the weeks since, as the world’s economy has teetered on the edge of disaster, federal officials have faced a steady drumbeat of recrimination and second-guessing. Why, many have asked, did the federal government allow Lehman to fail? And why did it have to file for bankruptcy so quickly?
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
