2008-09-19
by earl, 5936 days ago
"On Monday, the largest bankruptcy filing in U.S. history was made by Lehman Brothers. Lehman had over $600 billion in assets and 25,000 employees. (The largest previous filing was WorldCom, whose assets just prior to bankruptcy were just over $100 billion.) On Tuesday, the Federal Reserve made a bridge loan to A.I.G., the largest insurance company in the world; [..] A.I.G. has assets of over $1 trillion and over 100,000 employees worldwide." ~As you won't be able to escape news from the great financial upheaval these days anyway ...
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