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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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  • Click on the link for the latest conditions on the mountain passes.

 

  • North 3rd St >< Division and O.B. Riley Rd, single lane N-Bound (6/15-8/30)
  • South 3rd St >< Wilson and Reed Ln, single lane closures South Bound 5a-2p (8/30)
  • Construction at 27th Street . Northbound Lane Closed from Ferguson to Bear Creek.  Detour in place.
  • O.B. Riley Road South-bound lane closed south of Mervin Samples Rd (12/17)
  • Butler Market East-bound lane closed E of 4th St. for sewer construction. (12/17)