Tag Archives: Lehman Brothers

The Biggest Bankruptcy in Modern History – Now What?

Posted on March 13, 2010 by drjim

Lehman Brothers filed for bankruptcy September 2008. This was a major part of the economic meltdown during this time period. A court-appointed examiner, Anton Valukas, has found that they used accounting gimmicks to hide the fact that they were billions … Continue reading →

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What Does FDIC Deposit Insurance Cover?

Posted on September 26, 2008 by drjim

We all remember the “run” on the savings and loan in the movie “It’s a Wonderful Life“.  This is basically what happened that forced the Feds to take over WAMU.  Washington Mutual, which was bought by JP Morgan after being … Continue reading →

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Wall Street in Despair

Posted on September 15, 2008 by drjim

The latest collapses on Wall Street will no doubt stir up calls for more government regulation of financial institutions. Lehman Brothers is the latest Wall Street firm to go belly up with their filing for bankruptcy protection under chapter 11. … Continue reading →

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