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Bankruptcy
: Credit SlipsLehman: the Filing Mystery
By Adam Levitin
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There's been more going on this week than financial reporters have been able to cover. Lehman's bankruptcy filing now looks like a footnote. But there's a big question that remains unanswered about Lehman: what triggered the filing? Lehman's first day filings don't really explain. The failure to reach a deal last weekend alone wouldn't be a trigger. Lehman was hard pressed, but there doesn't seem to have been an immediate liquidity event; it wasn't like they weren't going to be able to m read more
Full post as published by Credit Slips on September 20, 2008 (boomark / email).
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