Tuesday, September 15, 2009

Lehman Brothers collapse

On the 1 year anniversary of the Lehman Brothers calling bankrupt, Obama makes a speech in New York about the past reckless behavior of the economy. He included the fact that the Lehman Brothers collapse is, to this day, "the largest bankruptcy in U.S. history and a stark reminder of [our] financial crisis...we will not go back to the days of reckless behavior and unchecked excess that was at the heart of this crisis". He also goes on to state that "the taxpayers were immeasurably harmed from last year's financial collapse-- and that, barring change, it could happen again".
Youtube Speech part 1,Part 2,Part 3

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