I wanted to share an interesting article I found on CNN.com by Christopher Tkaczyk of Fortune. It lists the largest bankruptcies of all time listed by the number of assets they held at the time. Note that Lehman Brothers is more than twice as big as anything else on the list.
For comparison, here are a few companies that have been in the news due to receiving TARP funds or other bailout loans:
Citigroup (C) -$1,822,578,000,000
Bank of America (BAC) -$1,817,943,000,000
Wells Fargo (WFC) – $1,210,555,000,000
American International Group (AIG) – $819,758,000,000
Too big to fail? Any of these companies would easily top the bankruptcy list if they failed tomorrow.
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