Lehman

Today in the stock market in the US, we are experiencing a drop in many companies including Lehman. For today, I will focus on Lehman. Unfortunately, Lehman was forced into bankruptcy as their stocks plummeted into -94.25%! At 06:35 GMT, Monday, the company was stretched as reporters captured Lehman workers leaving the building, as they could not say wither they their company was going down. One laid off person announced that inside people were “drinking beer and smoking”. Later that day, it was announced that they did file for bankruptcy. As the other solid role models are starting to sink into hole, it is hard to say what will happen since this is the first that this has ever happened in American history. With Bush’s plans of us being able to recover from this financial change, all we can do is wait to see what will happen to the stock market. With something this big, we will have global backlashes happening in other counties all over the world, in which we only are beginning to see. What will happen is unknown since we have never had something like this happen before, but a combination of government help, housing help especially, and other stock help we can probably see some significant increase on the market.

Lehman workers leave building

Lehman files for bankruptcy