Concoda
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Concoda

Why the Financial System Collapsed and Has Never Recovered

What happened on August 9th, 2007 changed markets forever

Credit: Joshua Hoehne

When people think of the last financial crisis, they usually think of Lehman Brothers: the financial services firm, founded in 1847, that collapsed spectacularly on September 15th, 2008. Lehman was the fourth-largest investment bank in the United States, employing…

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