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Wednesday, June 22, 2011
Another "Lehman Moment"
Almost three years ago crushing debt brought Lehman Brothers, a 158-year-old investment bank to its knees. It was a bankrupctcy bigger than any our world has ever seen. Lehman's failure was 10 times the size of Enron. If fact, its demise was bigger than the spectacular failures of General Motors, Chrysler, Worldcom, Delta Airlines and Enron. Combined!
A Thaw Before the Storm? How the Debt Ceiling Could Shock the U.S. Economy With Another "Lehman Moment"
Posted by Nick at 7:37 AM