The Living Dead: Lehman Brothers

Companies/businesses live and die.  The Philadelphia Savings Fund Society died after about 200 years of life.  Look at Eastman Kodak.  It is basically on life support.  Filene's Basement is gone.   Remember Digital Equipment?  How about whale oil companies?  Sometimes defunct corporate names are bought and someone tries to bring back a company from among the dead, like Polaroid.  Lehman Brothers died in 2008.  Or did it?  Lehman's collapse was the visible beginning signpost of the meltdown in the financial world.  Lehman was the largest bankruptcy in history.  The Lehman Brothers estate is in its forth year of administration in Federal Bankruptcy Court in Manhattan.  It has liquidated $65 billion in assets and it has settled about $100 billion in claims.  It still has about $40 billion in assets to unwind and it has paid over $1 billion in fees and expenses!  Only on Wall Street.  Did all have the Lehman executives have to return their salaries and bonuses?  No.  When someone on Wall Street goes bankrupt or fails they often get a second chance.  And in the meantime they've made enough money by hook or by crook to live comfortably.