Subprime mortgage crisis

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History's Biggest Bankruptcy Filing | On This Day
Bloomberg Televisionยท 2025-09-15 22:41
All right. Let's take a look back at this day in history. Back in 2008, when Lehman Brothers, the fourth largest U.S. investment bank, became the biggest bankruptcy filing in history.The 158 year old firm, which had survived the railroad industry turmoil in the 1800s, the Great Depression in the 1930s, and the collapse of long term capital management in the nineties finally succumb to crisis itself. The subprime mortgage crisis that in effect helped to create is one of the biggest underwriters of the asset ...