One Year After the Fall of Lehman
On Sept. 15, 2008, Lehman Brothers Holdings Inc. filed for Chapter 11 bankruptcy protection. It was also one year ago today that changed Wall Street, my street, and your street. Lehman’s shares cratered, falling 90%, and the broader market tumbled more than 500 points (almost 5%). It was the biggest single-day drop since the first day of trading after the 2001 terrorist attacks.