It was September 15th, 2008 when Lehman filed for bankruptcy, which was the largest in U.S. history.
Bend financial advisor Troy Reinarht offers some insight.
"Well, I think we've learned or re-learned the bubble of twenty years ago is being created today. I don't think the same problems will happen, but there are things that can happen. The bubble gets created and we have a crash."
The government stepped in and infused banks with $245 bilion in taxpayer money to prevent a financial meldown.
President Obama points to rising housing prices and 35 straight months of job growth as signs of an improving economy.