Latest Issue

Ten years since the Lehman collapse, remember how it all unravelled?

The worst thing is that another economic shock could take us back to the brink

By George Magnus  

Photo: Johnny Green/PA Wire/PA Images

This coming Saturday, 15th September, marks the 10th anniversary of the day Lehman Brothers filed for bankruptcy. It was a seminal moment that I remember well. The build-up to and speculation about the Lehman crisis had been going on for some time. I recall walking around the main fixed income (or bond) trading floor the previous Friday—normally a boisterous and noisy place—but this time, you could hear a pin drop, such was the tension and the angst on the floor. I have other personal…

Register today to continue reading

You’ve hit your limit of three articles in the last 30 days. To get seven more, simply enter your email address below.

You’ll also receive our free e-book Prospect’s Top Thinkers 2020 and our newsletter with the best new writing on politics, economics, literature and the arts.

Prospect may process your personal information for our legitimate business purposes, to provide you with newsletters, subscription offers and other relevant information.

Click here to learn more about these purposes and how we use your data. You will be able to opt-out of further contact on the next page and in all our communications.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

We want to hear what you think about this article. Submit a letter to

More From Prospect