Lehman Brothers Building at 7th Avenue and West 49th Street, Manhattan, NYC, Mar 2008. Wikimedia Commons

 

Japan Times-Sept 13

Ten years ago this week, on Sept. 15, 2008, Lehman Brothers, the fourth-largest U.S. investment bank and with a history that extended over 150 years, collapsed, setting off the worst global financial crisis in over half a century. That cataclysm, sometimes called the Global Financial Crisis or the Great Recession, has receded in memory, but its impact lingers. Changes have been made to protect against another “Lehman shock,” but markets again show signs of asset bubbles and questions are being asked with increasing urgency about the resilience of financial markets and whether the global financial system could absorb another shock.

Read more at: https://www.japantimes.co.jp/opinion/2018/09/13/editorials/decade-lehman-shock/#.W5p6q1IxWYU

First published in: Japan Times