Too Big to Fail? Lehman war's angeblich - We will see ...

Das wollte ich immer schon nachschauen, aber in der Hektik bin ich nicht dazugekommen ...

War Lehman eigentlich too big to fail? Zu groß, um Pleite zu gehen?

The Bank of England, in its latest Financial Stability report identifies the concentration of activity in sixteen of what it calls "large complex financial institutions" as a source of systemic risk. Those firms are: ABN Amro, Bank of America, Barclays, BNP Paribas, Citigroup, Credit Suisse, Deutsche Bank, Goldman, HSBC, JP Morgan Chase, Lehman, Merrill, Morgan Stanley, RBS, Societe Generale, and UBS. The report notes:

Given their scale and their pivotal position in most markets, distress at an LCFI could have a large, unanticipated, impact on other financial market participants. This could arise from losses on direct exposures to an LCFI that failed or from the wider market implications of actions taken by an LCFI to manage problems.

US-Immokrise: Ein paar Zahlen zu Verschuldung

Interessant: Bear Stearns war *nicht* auf der Liste, Lehman schon.

Tja, dann schauen wir uns das Experiment mal weiter an ...