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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

Published Tue, Aug 15, 2017 · 09:50 PM

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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