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On September 15, 2008, the firm filed for Chapter 11 bankruptcy protection following the massive exodus of most of its clients, drastic losses in its stock, and devaluation of its assets by credit rating agencies. The filing marked the largest bankruptcy in US history. The following day, the British bank Barclays announced its agreement to purchase, subject to regulatory approval, Lehman’s North American investment-banking and trading divisions along with its New York headquarters building. On September 20, 2008, a revised version of that agreement was approved by Judge James Peck
Our gov is corrupt. That is why we let some fail and bail out others. The gov bail out its buddies and engineered our economy to collapse to funnel the country’s money into its own pockets.
greedy rich fucker
No, turns out that was a VERY long term loan…
Can Ireland have back the 39 billion we gave the Bank of America
DarkAngelStarQ, — thanks for posting. This is really a freakshow that reveals quite cleadly just what a school of feeding carps these money grubbers really are.
Before viewing this series, I thought that these banksters were sharks, but no they are just plain carps. SlurpSlurp
It’s inapropriate to put tax payer dollars on the line for Lehman Brothers but it’s ok to give tax dollars to your old company Goldman Sachs. GO STICK IT UP YOUR FUCKING ASS Paulson.
thanx alot for posting this.i’ ve got this exam on corporate governance and lehman’s brothers is gonna be a 50% mark question.what i really don’t understand is why did the govt refuse2bail the bank on the basis of risking tax holders money but few days later did bail AIG.. (well i just want to know, cos i need2argue it out for good marks anyway). however, like the president of Myril Lynch,i think the disadvantage of letting the bank fail outweighed the advantage of guaranteeing the debt4Barclays
Capitalism run amok.
Thanks for sharing this, excellent documentary.
Excellent Documentary
Hat’s off to you Dark
Wow! I thank u for sharing since I missed this documentary here on tv…..damn this scary …that the potential of this happening again…thank u for sharing.
cheers for that dark………..