October 2008 - the month that nearly broke the world financial system

October 2008 - the month that nearly broke the world financial system

By mid-October 2008, the bankruptcy of Lehman Brothers had morphed into a far more serious crisis.  Bear Stearns was absorbed into JP Morgan in March 2008, Fannie Mae and Freddie Mac were effectively taken over by the US government in September 2008

Read More