Lehman Anniversary
September 15, 2008
On September 15, 2008, the firm filed for Chapter 11 bankruptcy protection following the massive exodus of most of its employees and clients, drastic losses in its stock, and devaluation of its assets by credit rating agencies. The filing marked the largest bankruptcy in U.S. history.
And so it all began ....
Economic Collapse Seen Through Aerial Photos of Abandoned Mansions Wired - September 14, 2013
In his series on Black Mountain, Nevada, Light's photos put viewers in the plane with him as he glides over 640 acres of dynamite-flattened hilltops, carved through with pristine roads and cul de sacs linking graded house foundations. But there are no houses. No lawns, no pools, no sidewalks. No guard-staffed gates. This is the site of the Ascaya luxury housing development, which has lain dormant since the economic crash of 2008.
