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Christine Lagarde on The Crisis That Prompted a Rethink
September 5, 2018
IMF Managing Director, Christine Lagarde, says despite the early warning signs, most economists failed to see the global economic crisis coming. (IMF photo)
It’s been ten years since Lehman Brothers—one of the largest firms on Wall street, was wiped out and closed its doors. Only two weeks before it filed for bankruptcy it held more than 600 billion dollars in assets. The fall of Lehman’s turned a volatile financial market into a full-blown panic and is widely seen to be what triggered the global financial crisis in 2008. In this podcast, IMF Managing Director, Christine Lagarde looks back at one of the most disruptive events in history for the global financial system.
Christine Lagarde, IMF Managing Director