The Orderly Liquidation of Lehman Brothers Holdings Inc. Under the Dodd-Frank Act

On September 15, 2008, Lehman Brothers Holdings Inc. filed for bankruptcy. The disorderly and costly nature of the bankruptcy—the largest, and still ongoing, financial bankruptcy in U.S. history—contributed to the massive financial disruption of late 2008. In this article FDIC staff examine how the government could have structured a resolution of Lehman Brothers under the orderly liquidation authority of Title II of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 and how the outcome could have differed from the outcome under bankruptcy

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