Contents contributed and discussions participated by Maja Nakevska - wlmac economics

shared by Maja Nakevska on 12 Jan 11 - No Cached

shared by Maja Nakevska on 11 Jan 11 - No Cached

The fall of Lehman in September 2008 sent shock waves throughout the financial markets, and helped trigger the worst financial crisis since the Great Depression. With the encouragement and support of the Federal Reserve Bank of New York (“New York Fed”), the Securities and Exchange Commission (“SEC”), SIPC, the SIPC Trustee, and other independent parties, Barclays agreed to purchase the assets of the failed Lehman business.
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the Court helped provide some measure of stability to the growing panic throughout the world’s financial markets.
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the Court’s approval maximized the value to the Lehman estates of the “wasting assets” that were sold – avoiding potential losses in the “hundreds of billions of dollars.”2
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shared by Maja Nakevska on 11 Jan 11 - No Cached

Lehman Brothers was founded in 1850 by two cotton brokers in Montgomery, Ala.
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In March 2010, a 2,200-page document laid out in new and startling detail how Lehman used accounting sleight of hand to conceal the bad investments that led to its undoing.
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The report, compiled by an examiner for the bank, concluded that, among other things, the firm's demise was the result of bad mortgage holding
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Lehman also used a small company — its "alter ego," in the words of a former Lehman trader — to shift investments off its books
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The failed investment bank may have cause to sue Goldman Sachs and Barclays for what might be a "fraudulent transaction," according to a portion of the examiner's report unsealed mid-April
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In May, Lehman Brothers Holdings and a group of unsecured creditors filed a lawsuit against JPMorgan Chase for more than $5 billion, saying it siphoned billions of dollars of Lehman assets, thus hastening its bankruptcy
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shared by Maja Nakevska on 11 Jan 11 - No Cached

the treatment of monies and assets belonging to the bank’s clients and the open or unreconciled over-the-counter trading positions following LBIE’s collapse.
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It also examined what can be done to make the process of insolvency itself more effective, and to limit the damage that may be done by a failing investment bank.
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To this end, the FMLC proposed that the Government should consider what positive measures and/or legal sanctions may be appropriate to keep a failed investment bank’s back office systems functioning after an insolvency
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shared by Maja Nakevska on 11 Jan 11 - No Cached

FINE art once owned by Lehman Brothers, the investment bank whose collapse kick-started the US economic recession, fetched over $US12 million ($12.66 million) overnight at a Sotheby's auctio
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which declared bankruptcy in 2008, helping to trigger collapse across global financial markets.
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"While the Lehman name certainly attracted a great deal of attention, the people who bid today participated because they knew it was good art,"
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shared by Maja Nakevska on 11 Jan 11 - No Cached

the impact it had on individual investors who had used these groups as a means to invest
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we put that money with an investment house, using them to facilitate our investment into stocks or bonds or real estate or money markets or gold or porkbellies or whatever it is we choose to invest in.
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shared by Maja Nakevska on 10 Jan 11 - No Cached

the FDIC board will soon consider proposals on how to treat a bank's derivatives and other financial contracts in case it fails
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The proposals would likely require banks to maintain specific information on so-called qualified financial contracts,
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