The echoes are still with us 15 years later, rippling now through Europe and China. If there’s something of an exception, it’s the US.
To get John Authers' newsletter delivered directly to your inbox, sign upLike many who work in finance, my life has come to have a fixed calendar: pre- and post-Lehman.
When news broke 15 years ago today that Lehman Brothers had indeed gone bankrupt, with no willing buyer and no rescue from the government, things changed. We all knew that they would. The crisis had been brewing for at least 18 months at that point, and would not reach its nadir for another six months, but it was the collapse of Lehman that changed what was possible.
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