Sep
10
Can We Survive the Next Financial Crisis?
ByTen years ago this week, Lehman Brothers Holdings Inc. collapsed, triggering the worst financial crisis in almost a century, a seismic event that still reverberates today.
Then the fourth-biggest U.S. investment bank, Lehman declared bankruptcy on Sept. 15, 2008. Stocks plunged and credit markets froze. Investors, not knowing how interconnected the biggest financial players were, feared the entire global financial system could implode.
A decade later, amid signs of new asset bubbles, a big question is whether the steps taken after the crisis have made that system strong enough to withstand the next shock…
Can We Survive the Next Financial Crisis?
