A decade after Lehman Brothers collapsed, the courts are still working on remnants of the largest bankruptcy in U.S. history as the municipal bond industry continues to feel the effects.
For the muni market, Lehman was a domino, said Nicholas Venditti, managing director at Thornburg Investment Management. In and of itself, Lehman wasnt a huge deal. But everything it knocked down with it, thats another story.
A woman inside Lehman Brothers headquarters in New York on Sept. 15, 2008, the date the firm filed the largest bankruptcy in U.S. history.
Bloomberg News
On Sept. 15, 2008, after 157 years of continuous operation beginning as a cotton trading firm in Montgomery, Alabama, Lehman Brot…
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