© 2026 Kansas City Public Radio
NPR in Kansas City
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations

Lehman Bros. Says It Has Emerged From Bankruptcy

(SOUNDBITE OF MUSIC)

STEVE INSKEEP, HOST:

NPR's business news starts with an end to a disastrous chapter of the financial crisis.

Let's just recall 2008, September, Lehman Brothers collapsed. The U.S. government allowed that. A credit crunch had been looming for months, intensified, and it accelerated the Great Recession which followed. Now Lehman Brothers has emerged from bankruptcy, we're told today. It was the biggest bankruptcy in U.S. history, a record $639 billion. The company now says its going to continue liquidating its holdings and will start paying back creditors next month. Transcript provided by NPR, Copyright NPR.

KCUR is here for Kansas City, because Kansas City is here for KCUR.

Your support makes KCUR's work possible — from reporting that keeps officials accountable, to storytelling that connects our community. You can make sure the future of local journalism is strong.