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One year without Lehman

lehman brothers

New York state made claim for $1.2 billion in taxes, interest and penalties from Lehman Brothers Holdings Inc. The state is seeking payment for tax bills dating to 1994, according to the claim form.

Bad luck. Would the head reached out Lehman as they did Goldman, they would have been received at least $1.2bn. Goldman Sachs paid $568m in taxes during the last 13 months. However, it obtained $13bn via AIG and $10bn from the government to keep going, making Goldman’s tax paid equal to 2.5% of the total sum. Not the best return on investment. Efficiency, efficiency, efficiency…

Past. Lehman from $70 to $14. Worth $34:

Present. Where would we be today without the government:

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Source: bloomberg.com

Category: Economics, Finance, Video

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