The events leading up to the largest bankruptcy in US History

Anton Valukas, the bankruptcy examiner assigned to the nations largest bankruptcy tells how it began.  He also warns that the county came closer to disaster than most people understand.  The most frightening revelation may be his opinion that we have not learned from the lessons taught by the Lehman Brothers bankruptcy.

Valukas reported what he found in a 2,200-page report known as the Valukas Report. Now that it appears federal prosecutors will not pursue criminal charges, Valukas has condensed his findings to about 20 pages and it granting interviews.  For more details read, “Chicago Confidential: Lehman Brothers bankruptcy examiner believes lessons not heeded.”