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Lehman Brothers
The buyout aims to prevent what regulators believe could be uncontrolled and incalculable consequences throughout the global financial system.
A decade on from the Lehman collapse, and things need to change.
A new wave of agitators in the realm of monetary systems has emerged.
As the consequences of the crisis continue to be felt, some of those involved have fared better than others.
WHAT'S HAPPENING
WHAT'S HAPPENING
Last week marked the 8th anniversary of the collapse of Lehman Brothers, the huge Wall Street investment bank. This bankruptcy sent financial markets into a panic with the remaining investment banks, like Goldman Sachs and Morgan Stanley, set to soon topple.
For Erin Callan, it was a nightmare.
Senator Sanders has blamed the "big banks" of Wall Street for the 2008 financial crash, while Secretary Clinton has pointed in the direction of the "shadow banking" sector. These two views have stirred a lively debate, but who got it right?
Protecting the American people from another devastating financial crash and the economic wreckage it causes begins with reflecting honestly about the past and trying to learn the right lessons.
