10 years Lehman bankruptcy

[pbrower2a]

It's a tough call. Lehman Brothers was a huge player in investment banking, and it had done much good in the past. Investment banking arranges the meeting of capital with business opportunities. Nobody seems to have emerged to take over the role that Lehman brothers once had. It will be more difficult to start a new giant business in America, and this will make more likely that Americans depend upon foreign investors to do anything novel and on a large scale. This will slow innovation in America and ensure that America invests less in job-creating... good job-creating... plant and equipment.

On the other side, Lehman Brothers had gotten extremely corrupt and flamboyantly so. It went heavily into an economic activity (residential lending) better suited for retail banking -- the sort of banking that Giga-Bank, Farmers' and Merchants' Bank of Podunk Center, and Shangri-La Savings and Loan did. Legislation allowed retail banks, investment banks, and insurance companies to get into each others' business because they all handled money. Such legislation allowed some unwise choices. 

For good reason, physicians, pharmacists, and undertakers do not share functions even if all three get involved in end-of-life reality. You can just imagine the conflicts of interests.