Sign up with your email address to be the first to know about new products, VIP offers, blog features & more.

Ten years since the Lehman collapse, remember how it all unravelled?

First published: Prospect 10/09/2018

This coming Saturday, 15th September, marks the 10th anniversary of the day Lehman Brothers filed for bankruptcy. It was a seminal moment that I remember well. The build-up to and speculation about the Lehman crisis had been going on for some time. I recall walking around the main fixed income (or bond) trading floor the previous Friday—normally a boisterous and noisy place—but this time, you could hear a pin drop, such was the tension and the angst on the floor. I have other personal reflections, as an economist, partially successful soothsayer, and now also one of many trying to figure how we got into the mess we are in today. Read on….