Picture du Jour: 10 Largest US Bankruptcies

 EmailPrint This Post Print This Post

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.”

23-sep-3.jpg

Source: Chart of the Day

Related article:
The Lehman Brothers Effect

 

Did you enjoy this post? If so, click here to subscribe to updates to Investment Postcards from Cape Town by e-mail.

 

More on this topic (What's this?)
Ivy Portfolio September Update
Ivy Portfolio August Update
Market Outlook
Read more on Hang Lung GRP, Lehman Brothers at Wikinvest
OverSeas Radio Network

4 comments to Picture du Jour: 10 Largest US Bankruptcies

  • The Assetman

    Forget about magnitude… I want to see the extent of fraud that went on at Lehman before it imploded before our eyes. Did you notice a pattern of underlying improper behavior behind that list?

  • Thomas Finch

    The chart does not include Fannie Mae,
    Freddie Mac or AIG. They sre being reorganized by the government
    instead of a bankruptcy court.

  • Thomas Finch

    The chart does not include Fannie Mae,
    Freddie Mac or AIG. They are being reorganized by the government
    instead of a bankruptcy court.

  • Some comments from Bespoke:

    Bank and Broker Default Risk Soars

    “As the scarecrows (‘if I only had a brain’) in Washington bicker over partisan politics, the life blood of our economy is no longer flowing. Each hour that passes that a deal doesn’t get done, a tick of GDP washes away. By the time legislation does get passed, too much damage could already have been done. …the default risk of major banks and brokers through our CDS index. As
    shown, last week now looks like chump change compared to where [CDS] levels currently stand. With the no short rule in place on equities, investors have clearly voiced their opinions through the credit default swap market. The proof is in the pudding, and unfortunately Congressional members are putting their parties over their country. You have our permission to forward this to your elected officials!”

Leave a Reply

  

  

  

You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

Top 100 Financial Blogs

Recent Posts

Charts & Indexes

Gold Price (US$)

Don Coxe’s Weekly Webcast

Podcast – Dow Jones


One minute - every hour - weekdays
(requires Windows Media Player)
newsflashr network
National Debt Clock

Calendar of Posts

September 2008
MTWTFSS
« Aug Oct »
1234567
891011121314
15161718192021
22232425262728
2930 

Feed the Bull