Part 1/10:
The Collapse of Lehman Brothers: A Critical Turning Point in Financial History
The bankruptcy of Lehman Brothers in September 2008 marked a watershed moment in global finance, heralding the onset of the largest economic downturn since the Great Depression. Just 12 weeks before its collapse, Lehman’s executives projected an image of strength and stability, declaring to their staff, “Crisis? What crisis?” However, the reality was starkly different as one of Wall Street’s most venerable institutions unraveled spectacularly amid a banking and mortgage crisis.