Ten years on from the demise of Lehman Brothers, former UK Prime Minister Gordon Brown believes we are drifting towards another crash – but is he right? Nafis Alam examines the factors that will be critical in any future crisis in a recent post for The Conversation.
Lehman Brothers anniversary: A philosopher’s view on avoiding another financial crash
It’s 10 years since the collapse of Lehman Brothers (15 Sept 2008) and the ensuing financial crisis still haunts us today. But how many lessons have been learned? Here, Professor Emma Borg makes the case for a social licence for banks that could make for a more financially stable future for everyone.
George Santayana said “Those who cannot remember the past are condemned to repeat it” and, with the 10-year anniversary of the Lehman Brothers collapse upon us, now is the time to reflect on the global financial crash and ask just how likely those events are to repeat themselves.