Bankruptcy as Economic Stimulus

With bankruptcy this lucrative, who needs solvency?

Lehman Brothers‘ demise has so far meant more than a billion dollars in fees for its reorganization pallbearers.  Makes you think we missed a great opportunity for economic stimulus by propping up so many other faltering companies up…

From DealBook:

Lehman Brothers Holdings on Monday said it has paid more than $1 billion to its lawyers, consultants and financial advisers since filing the largest U.S. bankruptcy two years ago, Reuters reports.

Professional and other fees totaled $1.01 billion through September 30, up $51.8 million from $961.3 million a month earlier, a filing with the U.S. bankruptcy court in Manhattan shows.

Lehman’s bankruptcy is the costliest in U.S. history, surpassing Enron and WorldCom, according to the UCLA Law School professor Lynn LoPucki.

Well, I want in on some of that action!  Maybe I’ll walk over and see if they could use a blogger on the job or something.  I mean, since it’s a carrion feast anyway, how could one more beak in the mix hurt anyone?

Source:

Lehman Bankruptcy Fees Top $1 Billion (DealBook)

What's been said:

Discussions found on the web
  1. EV EatVerts commented on Sep 21

    … [Trackback]

    […] Here you will find 55366 additional Information on that Topic: thereformedbroker.com/2010/10/20/bankruptcy-as-economic-stimulus/ […]

  2. bitcoin era reviews 2020 commented on Sep 23

    … [Trackback]

    […] Read More Information here to that Topic: thereformedbroker.com/2010/10/20/bankruptcy-as-economic-stimulus/ […]

  3. 7lab steroids commented on Oct 08

    … [Trackback]

    […] Find More to that Topic: thereformedbroker.com/2010/10/20/bankruptcy-as-economic-stimulus/ […]

  4. Electricity Rates commented on Oct 26

    … [Trackback]

    […] Find More Information here on that Topic: thereformedbroker.com/2010/10/20/bankruptcy-as-economic-stimulus/ […]

  5. td easyweb login commented on Nov 14

    … [Trackback]

    […] There you can find 49324 more Info to that Topic: thereformedbroker.com/2010/10/20/bankruptcy-as-economic-stimulus/ […]

  6. faux cheapest tag heuer copy commented on Dec 08

    … [Trackback]

    […] Here you will find 13658 more Info to that Topic: thereformedbroker.com/2010/10/20/bankruptcy-as-economic-stimulus/ […]

  7. influencer marketing commented on Dec 12

    … [Trackback]

    […] There you will find 78636 additional Info on that Topic: thereformedbroker.com/2010/10/20/bankruptcy-as-economic-stimulus/ […]

  8. fake watches commented on Dec 17

    … [Trackback]

    […] Find More Info here to that Topic: thereformedbroker.com/2010/10/20/bankruptcy-as-economic-stimulus/ […]

  9. 망가캣 commented on Dec 28

    … [Trackback]

    […] Find More Information here to that Topic: thereformedbroker.com/2010/10/20/bankruptcy-as-economic-stimulus/ […]

Read this next.