What happens to my job if Lehman Brothers Collapses and files for bankruptcy? Do i go into work tomorrow?

Sep 15, 2008 by Anon | Posted in Other - Business & Finance

I just joined Lehman Brothers as a graduate this week and there for a year on contract. What happens to my job if a firm files for bankruptcy? Should I go to work tomorrow? Do we get all packages redundacy?

A friend of mine worked for Bennigans, when they went out of business, he has not even paid for his two previous weeks work. They had a cool head which left clearing the place of food and equipment they have at least left with something. Do not go to work you will not get paid to go.

How does Lehman Brothers affect us as common citizens?

Sep 17, 2008 by unknown_citizen | Posted in Investing

I have no stocks of Lehman Brothers, but I do it for Visa, but that's all. But even if I have no stocks at all how the collapse of Lehman Brothers affect us as ordinary citizens regularly United States? I do not buy a car or mortgage insurance or other insurance then how does the drop affect me directly or indirectly?
So how AIG's fall for me, even if the government holds 80% stocks of AIG how does that affect me directly or indirectly?

Hello I just found an intresting article i thought you'd be interested also:


In what is described as the Mother of all Mondays, the legendary Wall Street will never be the same. Financial commentators are talking about a tectonic shift that will change the face of banking in the world as we know it. Markets around the world are reeling from the aftermath of the triple shock of Lehman Brothers going bankrupt, Merrill Lynch being sold to BofA in a distress sale for $ 50 billion, and AIG asked the Fed for a bailout of 40 billion. The FTSE fell 200 points, or about 3% in early trade.

The former Fed governor Alan Greenspan describes as a "once in a century 'event, and the" worst "he has seen in his career. Lehman Brothers, which has survived over 150 years, finally went into Chapter 11 in Sunday night, putting tens of thousands of jobs at risk around the world. Merrill Lynch, another Wall Street major, narrowly avoided the fate of Lehman, by agreeing to be bought by BofA for $ 50 billion - raising again the specter of an uncertain future for its thousands of employees worldwide.The U.S. government, which bailed out Fannie Mae, Freddie Mac, and Bear Sterns, put his foot down with Lehman, and last minute potential buyers like Barclays has left late Sunday evening.

Lehman Brothers collapse

Sep. 15, 2008. Epidemic markets were reeling Monday after a convulsive day on Wall Street that saw a leading US investment bank file for bankruptcy ...

The Last Days of Lehman Brothers (2009) HD Part 1 of 15

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