Lehman Brothers to file for Chapter 11 bankruptcy

Posted on: September 15, 2008

It’s just past 4:00 a.m., but a news check shows this Monday will be an interesting and memorable day in the financial markets.

Lehman Brothers, a major United States bank, (LEH on the New York exchange) founded 1850, with a market cap of $2.5 billion, is set to go bankrupt today. If so, it will be the biggest bankruptcy in American history. Here’s a link to a Wall Street Journal update and to a Wikipedia update (someone has been busy updating that already- scroll down to: “Bankruptcy”). With that, I have to go to work.

I have time to mention this but not add all the links I’d like to. Here’s one link that should provide a list of news items on this morning’s financial crisis. Bloomberg.com. If you’re following this story, use Google to search AIG (looking for money to stave off problems), J.P. Morgan, Goldman Sachs, Bank of America, (which has bought) Meryl Lynch ( for $50 billion).


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  • wordbeeps: No, he doesn't deserve an apology. Who tweets during a funeral? If you do, expect feedback. I didn't say the mourners were faking it. I think they we
  • Holly Stick: Look you fuckwit, are you too stupid to realise that Ghomeshi was an actual friend of Layton's, when you tweeted to him that the mourners were faking
  • aardvarkcola: Thank you. I see the rest of your message now. i'm honoured to to have your words on my blog. That alone is a delight. Lawrence


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