It’s been a decade since Lehman Brothers went bust and the global economy was gobsmacked. What have we learned? The most obvious lesson is that greed is not good.
Everyone from home flippers in Florida to high-powered Wall Street traders hawking crappy mortgage securities were in on this avarice avalanche. I know because I had a front-row seat starting in 2007 when I was writing a column for Bloomberg News. My book Cul-de-Sac Syndrome summarized some of the debacle.
The worldwide wreckage that came after the Lehman bankruptcy is still haunting us. Some 6.5 million jobs were lost (including mine). Trillions […]
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