For Immediate Release
After Lehman Brothers, Experts Say Global Financial Crisis Can Happen Again
WASHINGTON - September 15th marks the ten-year anniversary of the Lehman Brothers investment firm collapse, symbolizing the onset of the 2008 global financial crisis.
"The financial crisis drove 100 million people, mostly women and children, into extreme poverty around the world," noted Eric LeCompte, the head of the religious development group Jubilee USA. "Too many around the world are still feeling the effects of the last crisis and we are not prepared to stop the next crisis."
In the Spring, the International Monetary Fund and the UN Conference on Trade and Development released reports warning of new debt and financial crises. Last week the head of the IMF, Christine LaGarde, warned that the financial system was still not safe enough and economic recovery around the globe was uneven.
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