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That's what Lehman Brothers Holdings executives predicted in a confidential memo prepared for government officials before they filed the biggest bankruptcy in US history. The message didn't get through. Full Article at The Age
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Rather than break up institutions such as Bank of America Corp. and Citigroup Inc. , or limit their expansion, the U.S. has given them billions of dollars in tax incentives and loan guarantees that enabled them to grow even bigger. Full Article at Columbia Journalism Review
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LEHMAN claimants, including pension holders, will eventually receive a fraction of their claims after multimillion-dollar receivership and accountancy costs are deducted. Full Article at The Age
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NEW YORK -- Lehman Brothers went into the weekend of September 13-14, 2008, amid widespread uncertainty and fears about a collapse that could have wide global repercussions. Full Article at China Post
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Receivers working on the Lehman collapse say the $639bn (£390bn) of assets that the bank had when it went bust last year have now shrunk considerably, but to a figure nobody can predict as it will take years to unwind the operation. Full Article at Pakistan News.net
