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Monday, September 20, 2021 2:20:22 PM
A magnitude of Lehman itself does not define. Scale is relative.
Lehman Moment
Lehman Brothers was a financial firm that collapsed quickly in 2008; its September 2008 bankruptcy filing created a world financial panic. The term “Lehman moment” (or “Lehman Brothers moment"), meaning a time of financial disaster, has been cited in print since at least December 15, 2008. In 2011, the financially troubled nation of Greece was said to have faced a “Lehman moment.”
https://www.barrypopik.com/index.php/new_york_city/entry/lehman_moment
Obviously Greece was not on the scale of the US, but a financial disaster none the less.
Joe Stocks
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