One of the key questions policy makers have to answer about the “too big to fail” doctrine in financial services is “How big a mess do we have to clean up if we allow failure?” Most commentators have focused on the consequences of preventing failure. In this post, we focus on the consequences of allowing failure. Thanks to Karen Brettell at Thomson Reuters, we list the largest claims filed as of today against Lehman Brothers. To do your own search, see www.lehman-docket.com.
Donald R. van Deventer
Honolulu, September 25, 2009