Lehman Bros meltdown shakes world's markets - 15 Sep 08

Top US investment bank Lehman Brothers filed for bankruptcy protection, a move that sent shockwaves through financial markets.

The European Central Bank has injected $42bn into the money markets in a bid to calm market fears.

The Asian and European markets have been plummeting over fears that other major investment banks on Wall Street will go bust over the next couple of weeks.

Al Jazeera's Clayton Swisher reports.

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• lehman
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[waverly2468]

If you put lipstick on a bubble, it's still a bubble.

[SiqMyDuck]

YYYYYYYYYYeeeeaaaaaaa !!!! Lehman Brothers did not get caught up in the housing bubble, the consumers got caught up. Lehman, Bear Sterns, refushed to work with home owners to keep them in their homes which would have continued a steady stream of revenue, maybe there brokers will get a taste of their own medicine when there direct deposit doesn't show up next week.

Please excuse me now, I have a Opus X to light in celebration of this momentous moment.

[guilde]

Ron paul is your only chance to avoid any more bubbles. Hope you guys vote intelligently.

[kingair81r]

You guys were stupid enough to buy them!

[adamfatherofall666]

IT WAS A BLACK DARK MONDAY

[shootthedevil]

These people got limo to take them home lol.

[SteveMcCann88]

Look everyone wanted to profit from the mortgage market. The buyers foreign and domestic, we bought into them now suffer the consequence.

Bitch.

[skot66]

you're welcome asshole....suffer

[cambridge79]

thank you america from europe for having exported your shit all over the world.

[jjbarbados]

Americans, Tell the truth about what ignited the crisis, they put the blame on the middle class credits...liers! ...7 yrs of war on Irak & the oil price was one the many causes. Middle classes will never have credit again after this, thats what bankers want,it happens in many countries.

 A system based on bankers and especulators that make money with little or no effort is not viable.