A Fight for a Piece of What's Left at Lehman

Lehman lists total assets of $639 billion -- more than the gross domestic product of Argentina and roughly 10 times the size of Enron when it filed for bankruptcy in 2001. As the company's lawyers wrote in one court filing, "That this case is large and complex is an understatement."

Still, everyone working on the carcass knows that taking too much time to sort things out will result in less money for creditors. Full Story »

Posted by Chris Finnie

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Review

Norman Rogers
2.8
by Norman Rogers - Oct. 1, 2008

OF course the assets of 639 billion is misleading. The net assets are presumably negative. That's why its bankrupt. Those assets are accounts essentially held in trust.

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