Monthly Archives: September 2008

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Too risky for bankruptcy is too risky to do

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In the midst of financial turmoil on Wall Street, some experts are pointing to bankruptcy laws as one reason for the crisis. Here’s their concern: Several financial assets including repurchase agreements are exempted from bankruptcy control. This means, for example, … Continue reading

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Three amazing weeks

-Sept. 7: The Treasury Department takes control of troubled mortgage giants Freddie Mac and Fannie Mae, with assets of $794 billion and $883 billion respectively. -Sept. 15: Lehman Brothers Holdings Inc., declares bankruptcy, with $639 billion in assets the largest … Continue reading