5 Years After Lehman’s Collapse, Where Are Big Banks Now?

September 15, 2008 is a date that will forever be ingrained in Wall Street’s memory, as this day marked the pivotal turning point of what would eventually become the worst financial crisis the U.S. has seen since the Great Depression. Though the dire state of the U.S. financial system had already become apparent to many in the industry, the fall of Lehman Brothers ultimately sealed the country’s fate, setting off a chain of events that affected everyone from Wall Street to Main Street. Though five years have passed since the 158-year-old investment bank filed for bankruptcy, the aftermath of the “Great Recession” can still be felt to this day [see ETFs That Lost 50% In a Single Year]. Even today, many still try to play the blame game and point fingers, but the ultimate demise of the system was undoubtedly caused by fiscally irresponsible financial institutions. These mega banks–which later [...] Click here to read the original article on ETFdb.com. Related Posts: Financial ETFs In Focus Ahead Of Wells Fargo and JPMorgan Chase Earnings Financial ETFs: 5 Things To Consider Companies Increase Dividends: ETFs To Play Daily ETF Roundup: Industrial Production Data Inspires Rally Citigroup Rally Lifts Financial ETFs