Lehman's ghost haunts banks from beyond the grave

In the five years since Lehman Brothers collapsed, the big banks have become bigger, the rich have become richer, and the system remains ever dependent on investors' faith in central banks. The world of finance is still a complex, dangerous mess.

Five years ago, the markets plunged into an Alice-in-Wonderland world. For when Lehman Brothers collapsed, the repercussions were so violent investors were faced with confronting “six impossible things before breakfast” each day, to paraphrase Lewis Carroll. 

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