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Lehman Failure Costs Markets Outside US $300 Billion

Posted by billspaced | 2:36 AM | , , | 0 comments »

Lehman Brothers cost of failure to foreign entities said to be $300 billion. Astounding.

The financial fallout outside the United States from Lehman Brothers‘ bankruptcy has been about $300 billion, the head of Germany’s financial regulator said on Monday (October 13 -- I'm a little behind in my reading).

Lehmans Failure Said to Cost Billion Abroad - Mergers, Acquisitions, Venture Capital, Hedge Funds -- DealBook - New York Times

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