This month marks the 10 year anniversary of the start of the financial crisis and market crash.
It was September 15th, 2008 when Lehman Brothers filed for bankruptcy. The collapse of the big bank shattered the too big to fail theory setting off the start of a financial crisis and huge plunge of the stock market over the months to come.
Ultimately, the government bailed out the banks. September 29th, 2008. The Dow, Nasdaq and S@P 500 all dropped between roughly seven and nine percent.
Michael Carig who runs a brokerage firm recalls that day.