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Local News

Five Year Anniversary of Lehman Brothers Collapse


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.


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