Picture du Jour: 10 Largest US Bankruptcies
In an attempt to put the current financial crisis into perspective, Chart of the Day offered the fascinating chart below.
As illustrated, the bankruptcy of Lehman Brothers dwarfs all previous US bankruptcies. “The US government has taken the approach that some companies are ‘too big to fail’ as failure could have devastating systemic effects. In the case of Lehman Brothers, however, the bar as to what is too big has been raised – considerably.”
Source: Chart of the Day
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