Paulson & Co.
Lehman may be near resolution of bankruptcyPosted by RJ and Makay on Oct 28, 2011 |
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Lehman Brothers Holdings Inc. announced yesterday that its reorganization plan has the backing of creditors who hold $160 billion of claims, and believes it has gained sufficient support to resolve its bankruptcy. The firm, which filed the biggest bankruptcy in U.S. history in 2008, has locked up nine new major settlement agreements toward resolving creditor claims, according to a recent court filing.
As the “Occupy Wall Street” protests continue, it is easy to understand the root of frustrations among those who would vilify Wall Street and its institutions for personal financial difficulties or opposing political beliefs. Bank bailouts, the financial crisis, falling home values and job losses have all fueled the anger of protesters.
