USA Today (September 12)
2013/ 09/ 14 by jd in Global News
“Five years ago this weekend, the world economy was in uncharted waters and sinking rapidly. The bankruptcy of Lehman Bros. on Sept. 15, 2008, touched off a horrifying financial crisis…. Far too much hasn’t been done, or hasn’t changed, since those scary days when it seemed the world financial system was unraveling.” Though the consensus in favor of urgent reform has long since faded, reform is nevertheless urgently needed. Today, “the shoring up of the financial system is no better than a work in progress, and another severe crisis in the not-too-distant future is hardly out of the question.”
Tags: Consensus, Crisis, Economy, Financial system, Future, Lehman, Reform, World
