Can anyone explain for me why Lehman Brothers has a current liab/current asset ratio of ~ 1 to 1 with long-term debt of $350 billion dollars got bankrupt while Citygroup with a current liab/current asset ratio of 1.25 to 1 with long-term debt of over $600 billion dollars did not get bankrupt like Lehman Brothers? Based on the abilities to pay its short-term liabilities with its short-term assets, Isn't Lehman Brothers in a better shape to operate far longer than the Citigroup, am I missing something here?

Balance sheet of Lehman Brothers
http://finance.yahoo.com/q/bs?s=LEHMQ.PK

Balance sheet of C
http://finance.yahoo.com/q/bs?s=c

Commercial banks have different rules they must follow than financial institutions and Savings and Loans.

can you elaborate a little bit on these rules, because looking at the balance sheet Lehman brothers was in a better shape than Citgroup

Citigroup probably didn't give a lot of loan and credit out and they probably wise in investing.
They planned to buy out Wachovia, just to show how stable their company is.

Wells Fargo Bank is next on the list of being bankrupted, just look at its balance sheet, little cash $34 bil but huge short term debts $440 billion,not to mention another $103 billion of long-term debt

It will be a miracle if Wells Fargo Bank can find hundred of billion of cash within a year to pay off its debts to avoid bankrupcy . Yet, WFB is spending $15 billion to buy Wachovia, this kind of act is not going to fool anyone.

Not sure but I'm so glad I no longer work for Lehman.

because it's a ponzi scheme. the fed cut off lehman from the fed discount window. citi, gs, ms, are very likely to be nationalized in the next month

When you do people bad, it always comes back to you. Lehman brothers CEO got punched in the face for helping f u c k everyone. If I could, I'd sock all these stupid, greedy, bad character havin' mother f u c k e r s in the face. Who wins in life? The good or bad? Weak or strong?

Simply, the evil.