September marked the ten-year anniversary of the Lehman Brothers bankruptcy that caused the financial markets to seize up around the globe. And as is often the case, there is a lot of “revisionist history” going on by a number of key players in an attempt to deflect criticism. However, as you will see, there were many things that preceded the Lehman Brothers filing that sowed the seeds of the crisis. The good news is that much has changed for the better, yet some important lessons are starting to fade.
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