Lehman bankruptcy filing wiped out billions

Seeded on Mon Dec 29, 2008 1:02 PM EST (msnbc.com)

Lehman Brothers Holdings Inc's emergency bankruptcy filing wiped out as much as $75 billion of potential value for creditors, The Wall Street Journal reported on Monday.

business, msnbci, economy-in-turmoil

Latest Comments

Tight-fisted mortgage lenders pressure home sales
Fri Jan 27, 2012
- The President is part of the problem because he is forcing more requirements on the banks. All this does is band aid the problem, which was band aided so many times before.
Tight-fisted mortgage lenders pressure home sales
Fri Jan 27, 2012
- Mike069 = former mortgage lender living on the docks by the bay
Authorities to end camping at Occupy DC sites; not 'eviction' but 'slow creep,' activist says
Fri Jan 27, 2012
- Occupy Washington all day all week!
Authorities to end camping at Occupy DC sites; not 'eviction' but 'slow creep,' activist says
Fri Jan 27, 2012
- STFU Sammy
Tight-fisted mortgage lenders pressure home sales
Fri Jan 27, 2012
- Too much government involvement keeps the housing market from recovery. I'd say houses are still too expensive in many markets; $300for a one bedroom in Brooklyn?! But Obama wants affordable housing prices, but wants to stop house prices from falling. Obama doesn't know if he's coming or going.
Fitch cuts Italy, Spain, other euro zone ratings
Fri Jan 27, 2012
- They forgot to cut the rating for US Treasuries as well.
Ship carrying rocket parts, hits Kentucky bridge
Fri Jan 27, 2012
- Truely a thought experiment. The convergence of transportation methods likely gets no more dynamic than this day. With a name like planes, trains, and automobiles you have obviously observed this before. Have you been involved with any more exterme situations?
Ship carrying rocket parts, hits Kentucky bridge
Fri Jan 27, 2012
- Yeah, it looks like the boat sustained hardly any damage too.
Ship carrying rocket parts, hits Kentucky bridge
Fri Jan 27, 2012
- i hate it when that happens
Banks square in mortgage fraud crosshairs again
Thu Jan 26, 2012
- They get away with it because guess who the #1 contributors to Obama's campain are.

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New home sales fall in Dec., capping dismal year
Sales of new homes dropped in December for the first time in four months, ending a gloomy 2011 for the housing industry and showing how far it has to go to revive fully and begin helping the recovery. The Commerce Department said on Thursday sales decreased 2.2 percent to a seas …
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Comments & Feedback

Your comment below is pending approval by alan_static

This entire issue just supports my theory: Don't be mistaken, America DOES NOT run on DUNKIN, America runs on GREED. Remember the Peters Principle? When it comes to GREED some people are bigger Peters than others!We see this every day in every way from the butcher, baker and candlestick maker to name only a few. How have you been shafted today? Forgive me to just getting back to the basics.
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