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A fresh financial crisis may be coming - it won't play out like the last one

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A fresh financial crisis may be coming - it won't play out like the last one

Several warning lights are flashing that have some wondering whether we are in the foothills of another financial crisis.

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BBC News — Business
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A fresh financial crisis may be coming - it won't play out like the last one3 hours agoShareSaveAdd as preferred on GoogleSimon JackBusiness EditorBBCOn 15 September 2008, Bobby Seagull arrived at his office in Canary Wharf just before 6am.It was the last time he would need to be on time. He was a trader at Lehman Brothers, an American bank undergoing serious turbulence."We had seen on the Sunday news from America, they're filing for bankruptcy. We weren't quite sure [what] the implication was [for] us in the UK. So we were just told to turn up as normal."Initially it was "chaos", Bobby says. "There was no direct communication with our American colleagues. They weren't picking up the phones.

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