Guest Editorial
This editorial first appeared in The New Bern Sun Journal. The editorial does not necessarily reflect the views of the Cheney Free Press editorial board.
Minutes before 2 a.m. on Sept. 15, 2008, Lehman Brothers became the biggest U.S. company ever to file for bankruptcy. The collapse of this New York investment bank five years ago touched off a panic that sent the stock market down – and the housing market down and out for years.
A bubble in the real-estate market, after inflating for a decade, went pop. Values plunged for the most important investment held by everyday Americans as housing suf...
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