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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…

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