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The lesson of Lehman: Be prepared for unexpected consequences. And we're not. Aug 30th 2013, 22:11, by Allan Sloan Okay, folks. It's been five years since Lehman Brothers failed, setting off a chain of unanticipated consequences that came within inches of melting down the world's financial system. Had the Federal Reserve, other central banks, and the U.S. government not intervened and thrown trillions of dollars at the crisis to keep financial markets afloat, we would be talking about Great Depression II. Read full article >>

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