Barry Ritholtz, Columnist

The Lehman Moment Still Is With Us

Senator Elizabeth Warren wants to prosecute bankers who committed misdeeds during the financial crisis. That might bring closure.

September 15, 2016 at 4:18 PM UTC

By Barry Ritholtz

Barry Ritholtz is a former Bloomberg Opinion columnist. He is chairman and chief investment officer of Ritholtz Wealth Management, and was previously chief market strategist at Maxim Group. He is the author of “Bailout Nation.”

Here to stay.
Photographer: Ben Stansall/afp/getty images

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Today is the eighth anniversary of the Lehman Brothers bankruptcy. Not enough time has passed yet for me to recall those anxious days without getting angry.

Senator Elizabeth Warren has used the occasion of this anniversary to suggest the next administration should “investigate and jail” those Wall Street bankers who committed crimes. Although I doubt there will be any perp walks, I do have some ideas about how to proceed.