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The Lehman Brothers Bankruptcy, Five Years Later

NPR

Published September 9, 2013 at 12:35 PM CDT

Lehman Brothers' building in Manhattan, before the company filed for bankruptcy in September 2008. (Edgar Zuniga, Jr./Flickr)

Five years ago this week, the historic Wall Street institution Lehman Brothers collapsed.

With home prices falling and mortgage-backed securities in jeopardy, it was the worst panic on Wall Street since the Great Depression.

The Dow has now returned to pre-crisis levels, but have we learned anything since the Lehman collapse? Are we any safer?

Guest

Cardiff Garcia, reporter at the Financial Times blog FT Alphaville. He tweets @CardiffGarcia.