This week marks the 10th anniversary of the largest bankruptcy filing in U.S. history. On September 15, 2008, Lehman Brothers filed for Chapter 11.
I’ll never forget the morning it happened. I was an analyst in the Bay Area.
Stock futures were down sharply. As folks began trickling into the office, an uneasy feeling hung in the air.
One of the portfolio managers arrived, sat down at his desk, and asked the question he always asked...