Bankruptcy Of Lehman Brothers
Should I get back my money in Lehman Brothers?
I invested with Lehman Brothers through a local bank here, currently they open a-week-time chance for customers to get back ~10% of the invested amount (in my case it’s about $2500). If I don’t get it back now, I have to wait till their bankruptcy protection is due (2009 Jan), by that time depending on situations, we might get back more than 10% or worst case is all our money gone!!
Should I be conservative and get back my $2K now or there is a chance that some financial institutions is going to rescue Lehman Brothers?
Thank you.
It depends. I myself would take the 10% but I would talk to someone who deals with that case. The reason why I say that is when a company goes under, creditors get their money first, preferred shareholders get the left overs and then the common shareholders receive whatever that is left. 99.9% of the time it is nothing.
I really would find some support group to get better details because to me it seems strange that they went under but they can afford to give back 10% of everyone’s investment in LEH
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