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they didn't go under, they filed chapter 11 bankruptcy, its not the same as personal bankruptcy, its corporate. just means they don't pay debts for several years and concentrate on maintaining overhead. its a normal strategic move.
it doesn't matter because they are usually taken over. if they weren't then it would make a difference but I have no idea what would happen but you wouldn't get hurt...
Maybe YOU should file for bankruptcy? From what I understand now Lehman doesn't have to pay back any of THEIR loans, including the low-interest loans they got from Uncle Sam. Unless I am mistaken, even though they were not "bailed" out, they did receive incredibly low interest loans from the government that they will now not pay back. If I'm mistaken about this, please feel free to flame me.
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