Domino Effect: How Lehman's Failure marked the beginning of the End for the Dollar

... affected everyone’s confidence that the system was rock solid, confidence that to this day is not restored. Countries such as China and India, who have depended heavily on the western dominated financial system, began to have second thoughts. Lehman Brothers CEO Dick Fuld at the Congressional Hearing examining the failure of Lehman Brothers. (Source: Wall Street Journal) The reverberations from the failure of Lehman Brothers were felt all over the world, including the BRICS emerging markets ...