BREAKING NEWS>>> LEHMAN BROTHERS HAS FILED FOR CHAPTER 11 BANKRUPTCY IN ITS GLOBAL OPERATIONS….CAN COLINAIMPERIAL BE NEXT??????
The Board of Directors of LBHI authorized the filing of the Chapter 11 petition in order to protect its assets and maximize value. In conjunction with the filing, LBHI intends to file a variety of first day motions that will allow it to continue to manage operations in the ordinary course. Those motions include requests to make wage and salary payments and continue other benefits to its employees.
Lehman was 108 years old, it had survived two world wars and many recessions and the GREAT DEPRESSION. But could not withstood this current GLOBAL Economic downturn. Lehman is the United States 4th largest investment bank. Stock Markets around the world are falling at the announcement of the filing by Lehman.
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The words of Allen Greenspan, “this is a once in a Century Event [The Banking crisis] and it still not yet fixed!”
Bahamas Press/Editor
PS: Bahamians ROUGH TIMES ARE AHEAD!!!!!!!!!!!!!!!!!!!!
Serious Stuff
BREAKING NEWS>>> LEHMAN BROTHERS HAS FILED FOR CHAPTER 11 BANKRUPTCY IN ITS GLOBAL OPERATIONS….CAN COLINAIMPERIAL BE NEXT??????
The Board of Directors of LBHI authorized the filing of the Chapter 11 petition in order to protect its assets and maximize value. In conjunction with the filing, LBHI intends to file a variety of first day motions that will allow it to continue to manage operations in the ordinary course. Those motions include requests to make wage and salary payments and continue other benefits to its employees.
Lehman was 108 years old, it had survived two world wars and many recessions and the GREAT DEPRESSION. But could not withstood this current GLOBAL Economic downturn. Lehman is the United States 4th largest investment bank. Stock Markets around the world are falling at the announcement of the filing by Lehman.
—END—
The words of Allen Greenspan, “this is a once in a Century Event [The Banking crisis] and it still not yet fixed!”
Bahamas Press/Editor
PS: Bahamians ROUGH TIMES ARE AHEAD!!!!!!!!!!!!!!!!!!!!
It is now 4pm on a Sunday…
The General Public still awaits your response!!
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