Part 6/10:
On the morning of September 15, 2008, it became official: Lehman Brothers had filed for bankruptcy, a moment that would go down in history as the largest bankruptcy filing ever at the time. The implications were immediate and widespread; a cascade of events leading to a credit freeze ensued. As global markets opened to find Lehman’s shares worthless, confidence was shattered, leading to massive financial turmoil as other institutions began to falter.