Lessons Learned From Those Who Were There

Lehman Brothers declared bankruptcy in the wee small hours East Coast time on Sept. 15, 2008. Photo: NICHOLAS ROBERTS/AFP via Getty Images

They say time is a flat circle. If that’s the case, then let’s take a long loop back to Sept. 15, 2008, a moment in time that’s etched in the annals of American finance, and a world far different than the one we currently inhabit — or is it?

For those who don’t recall the details of that day, Lehman Brothers, a 158-year-old investment bank with…

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