“BANKS” – GOING BANKRUPT!!!

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Published: July 9, 2009
Lehman Brothers Crash
"BANKS" - GOING BANKRUPT!!!

Lehman Brothers world headquarters is shown Monday, Sept. 15, 2008 in New York. Lehman Brothers, burdened by $60 billion in soured real-estate holdings, filed a Chapter 11 bankruptcy petition in U.S. Bankruptcy Court after attempts to rescue the 158-year-old firm failed. (AP Photo/Mark Lennihan)  | read this item

Banks going Bankrupt??? Sounds Shocking??? Yes, indeed it was a great shock for the banking industry as such when “Lehman Brothers Holdings Inc.” filed for bankruptcy protection under Chapter 11 of  U.S.A Brankruptcy code on Sep 15, 2008 and also had given away its assets which was close to $600 Billion while filing. “Lehman Brothers [...]