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MELTDOWN MONDAY THREE YEARS ON: THE EVENTS OF 15 SEPTEMBER 2008
ON 15 September 2008, global markets were thrown into panic mode as US investment bank Lehman Brothers filed for bankruptcy after failing to secure a rescue sale. The announcement kicked off a day of unprecedented corporate chaos in the US – by late
Updated: 09/16/2011 12:56A
Auguries — Inertia Creeps
Three years after the bankruptcy of Lehman Brothers and the beginning of the global economic crisis, it is remarkable how little is different. Many of our world leaders have changed, but they get their marching orders from the
Updated: 09/16/2011 12:51A
Congress Likely to Cram Down Solyndra Billionaire
In February 2011, Solyndra renegotiated with creditors, including the United States Government, in order to try to avoid bankruptcy. In that deal, an investment group funded by Obama donor George Kaiser, gave Solyndra $75 million in additional money in
Updated: 09/16/2011 12:43A
Black Crow poised to exit Chapter 11
DAYTONA BEACH -- Local broadcasting group Black Crow Media LLC could emerge from Chapter 11 bankruptcy protection in a few months after reaching a settlement with its biggest creditor. Black Crow settled for $20
Updated: 09/16/2011 12:41A
Lintelle Engineering of Scotts Valley owed $1.9 million in Solyndra...
He wonders why Solyndra built a new building in Fremont when Silicon Valley real estate is so expensive. "Usually companies expand where land is cheap," he said. Seven of the 10 largest unsecured creditors are lenders, according to the bankruptcy
Updated: 09/16/2011 12:37A
Dallas Stars Hockey Team Files Bankruptcy With Plan for Sale
16 (Bloomberg) -- The Dallas Stars hockey team, the last professional sports club owned by former billionaire Thomas Hicks, filed for bankruptcy with a plan to sell the franchise through a court-approved auction. The team listed assets and debt of $100
Updated: 09/16/2011 12:31A
Three years ago, Lehman went down
Three years ago Thursday, investment bank Lehman Brothers filed for Chapter 11, the largest bankruptcy in US history and a failure that sent the global financial crisis into overdrive. The Dow Jones industrial average fell 504.48 points that day and
Updated: 09/16/2011 12:20A
Bankruptcy Talk Divides Rich and Poor of Jefferson County
For some residents of Mountain Brook, Alabama's richest city, declaring the biggest municipal bankruptcy in US history isn't the way for Jefferson County to confront its financial distress. “I'm conservative, and I would never file bankruptcy,” Lori
Updated: 09/16/2011 12:17A
'Amish Madoff' is charged with defrauding fellow Amish in 29 states out of $17
A&M Investments filed for bankruptcy protection in June 2010, listing about $33 million in liabilities and nearly $18 million in assets. In March, a bankruptcy judge rejected a bid by members of Mennonite and Amish communities to let them settle the
Updated: 09/16/2011 12:16A
BofA Said to Keep Countrywide Bankruptcy as 'Nuclear Option' to End Losses
(BAC), the lender burdened by its Countrywide Financial Corp. takeover, would consider putting the unit into bankruptcy if litigation losses threaten to cripple the parent, said four people with knowledge of the firm's strategy.
Updated: 09/16/2011 12:16A
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