By: fallen angel

Courtesy of Consumerist, we have a list of top 10 bankruptcies in US history according to a slideshow by CNBC. Enron’s assets before filing for bankruptcy was $63.4 billion, while Lehman Brother’s pre-bankruptcy assets is 10 times, no you didn’t see it wrong, it’s a whopping TEN TIMES the value of Enron when it collapsed a few days ago.

3. Enron
Assets: $63.4 billion
Date Filed: Dec. 2, 2001

2. Worldcom
Assets: $103.9 billion
Date Filed: July 21, 2002

1. Lehman Brothers
Pre-Bankruptcy Assets: $639 billion
Date Filed: Sept. 15, 2008

Are we going to hear the employee sad stories who dumped all of their life savings and their kids’ college funds into the company’s stocks? I mean, I bet nobody thought Lehman Brothers, a company that huge, would ever file for bankruptcy.

But they did.

And that is why, boys and girls, we should never put all our eggs in one basket, no matter how safe the basket seemed like.

Source:

• Biggest Chapter 11 Cases [CNBC]
• The 10 Biggest Chapter 11 Bankruptcies In US History [Consumerist]
• Shocked Lehman staff told to ‘move on’ [Financial Times]

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