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Lehman Brothers' recovery vindicates $2bn fee bankruptcy

Coffee Cup

Harvey Miller, the lawyer guiding Lehman Brothers Holdings through the biggest-ever U.S. bankruptcy, sipped a cappuccino at a tourist-filled cafe near Manhattan’s Central Park and reflected on how his client’s collapse five years ago went from unthinkable to inevitable.

Financial crisis was a 100-year storm: Hank Paulson

Storm Clouds

The 2008 financial crisis was a 100-year storm, and no one involved in it had ever seen anything like it, former Treasury Secretary Hank Paulson told CNBC on Friday-nearly five years since the bankruptcy of Lehman Brothers.