Items tagged with Great Recession
Back in 2008, Lehman Brothers -- once the fourth-largest investment bank in the United States -- tanked in September of 2008 as part of the subprime lending crisis. Its collapse kicked off the Dow's worst performance in a decade and the data that emerged in the aftermath made it clear that LB was over-leveraged and...
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The collapse of Wall Street a few years back and the so-called Great Recession that followed were, it's generally agreed, pretty bad things. As investment banks began to fail and the Dow fell, the Securities and Exchange Commission (SEC) found itself in the uncomfortable position of having to explain how this had...
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