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Ten years after the fall of Lehman Brothers, the stock market breaks records and wages rise

Ten years after the fall of Lehman Brothers, the stock market breaks records and wages rise

New York, September 15 (EFE) .- The American television networks Nowadays, it is the images of workers from Lehman Brothers who quit their jobs with boxes after the bankruptcy of the bank ten years ago, at the beginning of a global crisis that the country now remembers with beating records and rising wages.

Today is the tenth anniversary of the bankruptcy of Lehman Brothers, the fourth largest investment bank in the United States, and the Federal Reserve and the government decided not to save, despite having done it earlier with Bears Stearns, which eventually the problems came from JP Morgan after his malpractice with the junk mortgages.

The financial crisis led to a large concentration of banks and the US had to approve a rescue of the toxic assets of its banking business for an amount of 700,000 million dollars, and a subsequent stimulation plan for 790,000 million.

In 2009, the G20 agreed to promote the regulation of the international financial system to improve quality standards. According to the International Monetary Fund, the tsunami contracted 2.1% of the world economy for the first time since the Second World War.

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