Lehman Brothers

Lehman Brothers Files Largest Bankruptcy in U.S. History with $639 Billion in Assets After Government Refuses Bailout, Creating Arbitrary 'Too Big to Fail' Enforcement Where Bear Stearns and AIG Were Rescued But Lehman Was Allowed to Collapse, Triggering Global Financial Panic

2008-09-15 00:00:00 +0000 UTC | Importance: 10/10

Lehman Brothers Holdings Inc. filed for Chapter 11 bankruptcy protection on September 15, 2008, declaring $639 billion in assets and $613 billion in debts, making it the largest bankruptcy filing in U.S. history. The firm’s assets far surpassed those of previous bankrupt giants including …

Lehman Brothers Richard Fuld Henry Paulson Ben Bernanke Timothy Geithner +2 more financial-crisis too-big-to-fail regulatory-capture accountability-crisis market-manipulation

SEC Net Capital Rule Change Enables Investment Bank Leverage Explosion Fueling Housing Bubble

2004-04-28 00:00:00 +0000 UTC | Importance: 8/10

The Securities and Exchange Commission votes unanimously to allow the five largest investment banks to dramatically increase their leverage ratios, removing a 1970s-era rule that limited debt to 12 times capital. Goldman Sachs, Morgan Stanley, Merrill Lynch, Lehman Brothers, and Bear Stearns …

Securities and Exchange Commission (SEC) William Donaldson Goldman Sachs Morgan Stanley Merrill Lynch +2 more regulatory-capture housing-policy leverage investment-banks housing