- anniversary - schools
It has been a year since financial markets were plunged into chaos by the shock failure of Lehman Brothers.
On September 15 2008, the US government decided to let this century-old institution collapse under the weight of 60 billion dollars in bad real estate holdings.
The largest bankruptcy in Wall Street history set off a chain reaction that claimed many other victims… reshaped the landscape of world finance… and dragged the global economy into recession.
Raphael Kahane met Frank Brown, Dean of Insead, to reflect on these events, and to talk about the 50th anniversary of Insead.
To watch the interview, click on the video.