The Six Hundred Forty One Million Dollar Carcass

Buried in a story about how what’s left of Lehman Brothers is looking to emerge from Chapter 11, there was an astounding statistic that I’ll ask you to savor like the last suckle of a Werther’s Original…

From Reuters:

Lehman has paid $641.9 million in U.S. professional fees since it filed for bankruptcy, according to a January 2010 report.

Hilarious.  Lehman Brothers was the biggest bankruptcy filing in history – so why shouldn’t the “clean up effort” be the biggest legal and advisory bonanza in history as well?

Everyone got involved – restructuring firms, bankruptcy trustees, law firms of every stripe, sushi chefs, PR firms, jugglers and stilt-walkers and fire eaters, consultants, advisors, tax experts, witch doctors, real estate appraisers, hairdressers, financial engineers, secretaries, bassoonists etc.

What a Norman Rockwell moment for America – just picture this hideous tableaux – bespoke-suited and bespectacled millionaires sifting through the carrion offal of disgraced-but-still-filthy-rich billionaires while the rest of American Business looks on without a line of credit or a paying customer in sight.

Just like Walt Disney imagineered it for Main Street USA.

$641 million in fees generated during Chapter 11?  Hell, that’s a stimulus plan in and of itself!  Who can we bring to its knees next quarter?  Can we incinerate another hundred billion dollar company so that the bourgeoisie can snort those ashes off a conference table, too?

Someone’s gotta do it, so I’m not mad at the restructo-vulture complex.  In fact, to the contrary, I’m glad to see that we haven’t found a way to offshore the jobs of corporate undertakers just yet.

Still got one booming industry left, then.  Cool.

What's been said:

Discussions found on the web
  1. click here commented on Sep 14

    … [Trackback]

    […] Read More here on that Topic: thereformedbroker.com/2010/03/15/the-six-hundred-forty-one-million-dollar-carcass/ […]

  2. bitcoin era review 2020 commented on Sep 23

    … [Trackback]

    […] Find More on that Topic: thereformedbroker.com/2010/03/15/the-six-hundred-forty-one-million-dollar-carcass/ […]

  3. bitcoin loophole review 2020 commented on Sep 25

    … [Trackback]

    […] Info to that Topic: thereformedbroker.com/2010/03/15/the-six-hundred-forty-one-million-dollar-carcass/ […]

  4. blazing trader commented on Oct 01

    … [Trackback]

    […] Info to that Topic: thereformedbroker.com/2010/03/15/the-six-hundred-forty-one-million-dollar-carcass/ […]

  5. Parasols kopen online commented on Oct 27

    … [Trackback]

    […] There you can find 22841 additional Info to that Topic: thereformedbroker.com/2010/03/15/the-six-hundred-forty-one-million-dollar-carcass/ […]

  6. Harold Jahn Prosperity Investments commented on Nov 04

    … [Trackback]

    […] Read More Information here on that Topic: thereformedbroker.com/2010/03/15/the-six-hundred-forty-one-million-dollar-carcass/ […]

  7. Automating performance tests commented on Nov 12

    … [Trackback]

    […] Read More on on that Topic: thereformedbroker.com/2010/03/15/the-six-hundred-forty-one-million-dollar-carcass/ […]

  8. Automated Regression Testing Services commented on Nov 28

    … [Trackback]

    […] There you can find 32074 additional Info on that Topic: thereformedbroker.com/2010/03/15/the-six-hundred-forty-one-million-dollar-carcass/ […]

  9. replica rolex commented on Dec 17

    … [Trackback]

    […] Find More here to that Topic: thereformedbroker.com/2010/03/15/the-six-hundred-forty-one-million-dollar-carcass/ […]

  10. scotiabank online personal commented on Jan 10

    … [Trackback]

    […] Read More here to that Topic: thereformedbroker.com/2010/03/15/the-six-hundred-forty-one-million-dollar-carcass/ […]

  11. wholesale bags commented on Jan 16

    … [Trackback]

    […] Here you will find 43469 additional Info to that Topic: thereformedbroker.com/2010/03/15/the-six-hundred-forty-one-million-dollar-carcass/ […]

  12. Cisco CVPN3002-BUN-K9 manuals commented on Jan 20

    … [Trackback]

    […] Find More on to that Topic: thereformedbroker.com/2010/03/15/the-six-hundred-forty-one-million-dollar-carcass/ […]

  13. DevOps Company commented on Feb 04

    … [Trackback]

    […] There you can find 80060 more Information on that Topic: thereformedbroker.com/2010/03/15/the-six-hundred-forty-one-million-dollar-carcass/ […]