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The bank was not in substantially worse shape than other major Wall Street banks. ... They put the pillow over the face of Lehman Brothers and they put her to sleep. The Lehman bankruptcy is widely considered to be the watershed event that changed the rules of the game for those Wall Street banks considered “too big to fail.” The bankruptcy option was ruled out once and for all. The taxpayers would have to keep throwing money at the banks...

2009-09-08

 finance bankruptcy
Pontiac - one of the US car industry's most iconic brands - has finally gone out of business...

2010-11-01

 car icon USA Pontiac brand bankruptcy
The International Monetary Fund (IMF) has called on US politicians to act urgently to raise the country's debt ceiling. The IMF also called for a "comprehensive solution" to reduce the US deficit over the medium term...

2011-07-25

 IMF USA bankruptcy debt economy