Hank Paulson, former secretary of the U.S.Treasury, called it "an economic 9/11."
Having loaded up on mortgage debt that went sour, then failed to find a savior in the government or private sector, the158-year-old Wall Street investment bank Lehman Brothers filed for bankruptcy on Sept. 15, 2008.
...
To learn more: https://www.zb.cn/i/blog?item=507&type=livenews