The Lehman Brothers Bankruptcy, Five Years Later

Published September 9, 2013 at 1:35 PM EDT

Lehman Brothers' building in Manhattan, before the company filed for bankruptcy in September 2008. (Edgar Zuniga, Jr./Flickr)

Five years ago this week, the historic Wall Street institution Lehman Brothers collapsed.

With home prices falling and mortgage-backed securities in jeopardy, it was the worst panic on Wall Street since the Great Depression.

The Dow has now returned to pre-crisis levels, but have we learned anything since the Lehman collapse? Are we any safer?

Guest

Cardiff Garcia, reporter at the Financial Times blog FT Alphaville. He tweets @CardiffGarcia.

The independent journalism and non-commercial programming you rely on every day is in danger.

If you’re reading this, you believe in trusted journalism and in learning without paywalls. You value access to educational content kids love and enriching cultural programming.

Now all of that is at risk.

Federal funding for public media is under threat and if it goes, the impact to our communities will be devastating.

Together, we can defend it. It’s time to protect what matters.

Your voice has protected public media before. Now, it’s needed again. Learn how you can protect the news and programming you depend on.

Protect Connecticut Public

SOMOS CONNECTICUT is an initiative from Connecticut Public, the state’s local NPR and PBS station, to elevate Latino stories and expand programming that uplifts and informs our Latino communities. Visit CTPublic.org/latino for more stories and resources. For updates, sign up for the SOMOS CONNECTICUT newsletter at ctpublic.org/newsletters.

SOMOS CONNECTICUT es una iniciativa de Connecticut Public, la emisora local de NPR y PBS del estado, que busca elevar nuestras historias latinas y expandir programación que alza y informa nuestras comunidades latinas locales. Visita CTPublic.org/latino para más reportajes y recursos. Para noticias, suscríbase a nuestro boletín informativo en ctpublic.org/newsletters.

The independent journalism and non-commercial programming you rely on every day is in danger.

Protect Connecticut Public