![]() ![]() ![]() The 2008 financial crash had long roots but it wasn’t until September 2008 that its effects became apparent to the world. “Lehmans, one of the oldest, richest, most powerful investment banks in the world, was not too big to fail,” says the Telegraph. The then-president George W Bush announced that there would be no bail-out. This is generally considered to be the day the economic crisis began in earnest. On 15 September 2008, Lehman Brothers filed for bankruptcy. (Photo by Mario Tama/Getty Images) When did it begin? The Lehman Brothers’ name is illuminated at the headquarters of Lehman Brothers Holdings Inc.
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