10 years ago: A harbinger of 2008 financial crisis
First sign was suspension of 3 funds because of difficulty estimating value of sub-prime mortgages
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New York
THE failure of Lehman Brothers on Sept 15, 2008 triggered a series of convulsions in global finance that ultimately led to the worst crisis since the Great Depression.
Yet a harbinger of the Great Recession came more than a year before the Lehman landmark almost exactly a decade ago.
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