Did anyone own Lehman bonds when they went bankrupt?
I owned Lehman bonds when they went bankrupt. Until that point, I was aware that could happen, but it was something that I did not worry too much about. Now, almost 20 years later, I see it as a sort of blip, compared to the fluctuations in stocks over the years, but seeing a bond go to zero definitely has a lasting effect on a person. It certainly changed my opinion of the bond credit ratings system.