A decade on: Lehman Brothers at the brink
On September 14, 2008, there remained hope that Lehman could be saved and a crisis averted
Early on Sunday, September 14, 2008, the fate of Lehman Brothers was still uncertain. Barclays was in talks to save the rapidly crumbling institution, and it looked like the UK-based bank might be able to purchase what remained of Lehman at a knock-down rate.
If the deal had gone through, it is possible a deep crisis could have been averted, or at least softened. As late as August 2008, members of the Federal Open Market Committee were talking about markets muddling through, suffering a painful
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