It was in September 2008 when Lehmann Brothers filed for bankruptcy protection and since then it practically sent the whole world into recession! Following were a good number of other world known companies, such as Merill Lynch, Fannie Mae, Freddie Mac, Chrysler, General Motors, woolworths, a number of airline companies, travel operators, etc ….. who have had to do the same, close down, had to be bought by banks, taken over by the Federal government, etc.
This has been felt literelly all over the world! Everyone was effected but the most were the ones whose company was already struggling to survive …. they just couldn’t make it anymore!