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A Year Later, Former Lehman Employee Reflect
By
Jen Chung
Published Sep 13, 2009
Modified Sep 13, 2009
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By
Jen Chung
Published Sep 13, 2009
Modified Sep 13, 2009
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With the year anniversary of Lehman Brothers' collapse—and the subsequent global economic meltdown—approaching (September 15, 2008 is when Lehman filed for bankruptcy), there are plenty of stories from ex-employees. The Post says "a number of former Lehman employees in its fixed-income, emerging markets and other banking areas will be heading to various watering holes and clubs near Lehman's former Midtown headquarters on Sept. 15, for events that promise to be equal parts networking, reminiscing and working to erase that terrible chapter of their careers"—so consider that a warning! A former mortgage securities broker now admits to the NY Times, "I have blood on my hands," but thinks others are more responsible for the downfall ("regulators, senior executives, rival firms and traders who believed that their elaborate computer algorithms insulated them from risk"). And the Daily News notes that Famous Famiglia pizzeria, right near Lehman's headquarters, had to lay off five of 27 employees.
Tagged
collapse
economy
lehman brothers
meltdown
recession
Jen Chung
Jen Chung is a former WNYC and Gothamist editor.
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Gothamist is funded by sponsors and member donations
Gothamist is funded by sponsors and member donations
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