This wiki has had no edits or log actions made within the last 45 days and has been automatically marked as inactive. If you would like to prevent this wiki from being closed, please start showing signs of activity here. If there are no signs of this wiki being used within the next 15 days, this wiki will be closed in accordance to the Dormancy Policy (which all wiki founders accept when requesting a wiki). If this wiki is closed and no one reopens it 135 days from now, this wiki will become eligible for deletion. Note: If you are a bureaucrat, you can go to Special:ManageWiki and uncheck "inactive" yourself.Huffpost Austerity Series -The Lehman Brothers Crash And The Chaos That Followed – Everything You Need To Know
The Lehman Brothers Crash And The Chaos That Followed – Everything You Need To Know
Isabel Togoh - 15 September 2018
Today marks exactly a decade since the collapse of Wall Street investment bank Lehman Brothers.
The institution’s downfall triggered chaos among the world’s financial markets, resulting in the Great Recession and the biggest economic downturn since the Great Depression in the 1930s.
Measures taken to recover from the crisis, including a series of austerity policies introduced by the UK government – are still impacting lives of ordinary people today.
Ten years on, concerns remain about behaviour among the banks, stoking fears that we could be on the brink of another financial crisis.
Here, we take a look at how events unfolded leading to that fateful day on September 15, 2008, and the chaos it left in its wake.... See more
