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Re: cottonisking post# 85985

Monday, 10/14/2019 12:28:19 PM

Monday, October 14, 2019 12:28:19 PM

Post# of 111545
The inability to make payment and to default on a loan thereby forcing a company to seek bankruptcy protection is not the "cause" of the bankruptcy. JPM may have been the largest debt they defaulted on, but not the only.

From the link you posted;
"The immediate cause of Lehman’s death was a rapid loss of liquidity capped by extraordinary demands for cash collateral by other banks.

Of course we know now that the bankruptcy could have been avoided if the US TReasury would have stepped in as they did with AIG.


Joe Stocks