Why did Lehman Brothers declare bankruptcy?
I really don’t think that it was necessary for lehman’s to declare bankruptcy but feel that after the US government bailing out others they should have also considered helping Lehmans. I think that they have created an even bigger problem, and think of the lost money by shareholders. The government has created another down draft that will not be felt for a few months but think about it…the shareholders themselves maybe middle upper class citizens are now out every dollar invested in that bank and are now sitting with nothing as the SEC pushed Lehmans into the Pinksheets today Sept 18 2008. Many of those people have lost much of their life savings. What about the employees that were given stock options and thought of their shares in Lehmans as retirement. It just does not cut the cake…I think that this all moved way to fast and I truely think that the US government should have jumped and given some sort of a lifeline to Lehmans. I think there is bigger trouble coming yet.
Related Questions
- Lehman Brothers is not listed as a reference entity in the Minibond Series. How does its bankruptcy lead to an early redemption of the Notes?
- Will there be any coupons payable by Minibond Limited following the filing for Bankruptcy Protection by Lehman Brothers Holdings Inc.?
- Why did Lehman Brothers declare bankruptcy?
