Chart of the Day
In an attempt to put the current financial crisis into perspective, today's chart illustrates the 10 largest Chapter 11 bankruptcies in US history. As the chart illustrates, the bankruptcy of Lehman Brothers earlier this week dwarfs all previous US bankruptcies. The US government has taken the approach that some companies are 'too big to fail' as failure could have devastating systemic effects. In the case of Lehman Brothers, however, the bar as to what is too big has been raised - considerably.

Notes:
- Where's the market headed? The answer may surprise you. Find out right now with the exclusive & Barron's recommended charts of Chart of the Day Plus.


Source - CNBC
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Quote of the Day
"A bank is a place where they lend you an umbrella in fair weather and ask for it back when it begins to rain." - Robert Frost

Events of the Day
September 23, 2008 - First Day of Autumn (Northern Hemisphere)

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