Want this question answered?
Yes.
On September 22, 2008, Nomura Holdings announced that it had agreed to acquire Lehman Brothers' franchise in the Asia Pacific region, including Japan, Hong Kong and Australia.[12] The following day, Nomura announced its intention to acquire Lehman Brothers' investment banking and equities businesses in Europe and the Middle East. The deal became effective on Monday, 13 October.[13] In 2007, non-U.S. subsidiaries of Lehman Brothers were responsible for over 50% of global revenue produced.[14]In October 2008 Japanese financial services company Nomura Holdings stepped in and acquired three Mumbai, India based divisions of Lehman Brothers that provided back office and IT operations. Nomura also acquired the Asia Pacific division of Lehman Brothers as the US banking giant was carved up by rivals. [15]Lehman Brothers' Investment Management business, including Neuberger Berman, was sold to its management on December 3, 2008. Creditors of Lehman Brothers Holdings Inc. retain a 49% common equity interest in the firm, now known as Neuberger Investment Management.[From: http://www.sourcewatch.org/index.php?title=Lehman_Brothers
There was no one willing to buy Lehman Brothers as there were for other banks, example JP Morgan bought Bear Stearns, and when Richard Fuld, CEO for Lehman Brothers is making 60 million a year for 8 years straight (480 million to be exact) it makes the government think twice. Long story short, the government didn't have much invested in Lehman Brothers.
I really don't think that it was necessary for lehman's to declare bankruptcy but feel that after the US government bailing out others they should have also considered helping Lehmans. I think that they have created an even bigger problem, and think of the lost money by shareholders. The government has created another down draft that will not be felt for a few months but think about it...the shareholders themselves maybe middle upper class citizens are now out every dollar invested in that bank and are now sitting with nothing as the SEC pushed Lehmans into the Pinksheets today Sept 18 2008. Many of those people have lost much of their life savings. What about the employees that were given stock options and thought of their shares in Lehmans as retirement. It just does not cut the cake...I think that this all moved way to fast and I truly think that the US government should have jumped and given some sort of a lifeline to Lehmans. I think there is bigger trouble coming yet.
bad money back then needing jobs bad money back then needing jobs
Yes.
On September 22, 2008, Nomura Holdings announced that it had agreed to acquire Lehman Brothers' franchise in the Asia Pacific region, including Japan, Hong Kong and Australia.[12] The following day, Nomura announced its intention to acquire Lehman Brothers' investment banking and equities businesses in Europe and the Middle East. The deal became effective on Monday, 13 October.[13] In 2007, non-U.S. subsidiaries of Lehman Brothers were responsible for over 50% of global revenue produced.[14]In October 2008 Japanese financial services company Nomura Holdings stepped in and acquired three Mumbai, India based divisions of Lehman Brothers that provided back office and IT operations. Nomura also acquired the Asia Pacific division of Lehman Brothers as the US banking giant was carved up by rivals. [15]Lehman Brothers' Investment Management business, including Neuberger Berman, was sold to its management on December 3, 2008. Creditors of Lehman Brothers Holdings Inc. retain a 49% common equity interest in the firm, now known as Neuberger Investment Management.[From: http://www.sourcewatch.org/index.php?title=Lehman_Brothers
The disadvantages of using owners savings are that if the busines fails you have no money to fall back on.
There was no one willing to buy Lehman Brothers as there were for other banks, example JP Morgan bought Bear Stearns, and when Richard Fuld, CEO for Lehman Brothers is making 60 million a year for 8 years straight (480 million to be exact) it makes the government think twice. Long story short, the government didn't have much invested in Lehman Brothers.
There is no interest There is no deadline to when the money has to be paid back <3
I really don't think that it was necessary for lehman's to declare bankruptcy but feel that after the US government bailing out others they should have also considered helping Lehmans. I think that they have created an even bigger problem, and think of the lost money by shareholders. The government has created another down draft that will not be felt for a few months but think about it...the shareholders themselves maybe middle upper class citizens are now out every dollar invested in that bank and are now sitting with nothing as the SEC pushed Lehmans into the Pinksheets today Sept 18 2008. Many of those people have lost much of their life savings. What about the employees that were given stock options and thought of their shares in Lehmans as retirement. It just does not cut the cake...I think that this all moved way to fast and I truly think that the US government should have jumped and given some sort of a lifeline to Lehmans. I think there is bigger trouble coming yet.
The money is earned by stockholders and owners.
You may be able to however, its sounds like a scam.
Investors are those persons who invests money in business so they are the owners of business as well and that amount is the liability of business to pay back to it's owners that's why it is the liability and not the asset.
Slave owners wanted money. They tried for things like power and control but this all tied back to more money. Occasionally they raped the slaves (used them like mistresses) but the main thing was money
The banks loan people money because it is how banks earn money. The bank will loan out the money to people, and the people will have to pay back with interests so the bank will be making money by just loaning people money. That is why the banks owners get so rich. They will loan out money to a lot of people and they will put a high interest. When they get the money back, they will earn money without even doing any work.
The advantages are that you will not have to pay it back or worry about interest. Disadvantages are that you have to come up with the money no your own.