Lehman Brothers Done

Posted by: Current
in Business, Economy, Investing
15
Sep
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Lehman Brothers Done!

Lehman Brothers have been trying to keep themselves out of bankruptcy court for a few weeks now. But they can no longer do so. The 158-year-old firm – Lehman Brothers have filed for Chapter 11 bankruptcy this morning. This bankruptcy filing will shack up the world markets. All stock exchanges around the world will open down and could stay down for awhile. The Lehman Brothers have been burdened by $60 billion in real bad real-estate holdings. There’s really not much more to say about this, besides hang on for another ride on Wall Street.

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This entry was posted on Monday, September 15th, 2008 at 9:20 am and is filed under Business, Economy, Investing. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

 

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