Great graphic up courtesy of Good magazine where they post up the largest bankruptcies in history. They use sinking ships to illustrate their point, with Lehman Brothers by far being the largest ship of the bunch:
(click to enlarge)Here are some of the breakdowns of the largest US bankruptcies, courtesy of CNN Money:
- Lehman Brothers Holdings on 9/15/08 with $691 Billion in Assets.
- Washing Mutual on 9/26/08 with $327.9 Billion in Assets.
- WorldCom on 7/21/02 with $103.9 Billion in Assets.
- General Motors on 6/1/09 with $91 Billion in Assets.
- Enron on 12/02/01 with $65.5 Billion in Assets.
- Conseco on 12/17/02 with $61 Billion in Assets.
- Chrysler on 4/30/09 with $39 Billion in Assets.
- Thornburg Mortgage on 5/1/09 with $36.5 Billion in Assets.
- Pacific Gas and Electric Co. 4/6/01 with $36 Billion in Assets.
- Texaco on 4/12/87 with $34.9 Billion in Assets.
