Ghost of Lehman Sues Universities

business_ethics_highlights_2The complex financial strategies that contributed to the 2008 financial collapse continue to echo. (Question: is the bankruptcy group that currently carries the Lehman legacy responsible for the failed financial institution’s history, as this piece seems to assume?) >>>

The ghost of Lehman Brothers haunts American higher education (Salon.com)

The ghost of Lehman Brothers is still haunting colleges and universities around the country, continuing to extract money from institutions even though the financial firm itself is long dead.

When Lehman Brothers Holdings declared bankruptcy in 2008, it was the fourth largest investment bank in the United States. The giant’s collapse was felt in all corners of the global economy, but at least that collapse was thought to be a thing of the past. Now, it turns out that Lehman Brothers lingers on as a bankruptcy group trying to collect debts from the schools it already fleeced in 2008….


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