Tuesday marks one year since the bankruptcy of Lehman Brothers brought the American economy, and by extension the world, to near financial collapse.
By year’s end the Dow Jones Industrial Average fell more than in any year since 1931. Americans’ lost a fifth of their household wealth, by far the largest annual decline since the Second World War. A record $11 trillion in U.S. personal savings was erased.
Read the full article at RealClearPolitics.com
