September 15, 2008: the day markets changed

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September 15, 2008: the day markets changed

Lehman Brothers collapse newspapers Dow falls from PA 230x150
Newspapers on a news stand in New York on Tuesday, September 16, 2008 proclaim in their headlines the collapse of the Lehman Brothers brokerage firm, the credit problems at AIG, and the Dow dropping 504 points. (Photo by Richard B. Levine) | Richard B. Levine/SIPA USA/PA Images

Traders, bankers, lawyers, brokers tell their stories of what happened when Lehman Brothers went down, how it ruined some businesses and created room for others, and how it has changed financial markets — for better and worse.

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