Ten Years After the Global Financial Crisis the System is SaferIn 2008, the giant investment bank Lehman Brothers collapsed, fueling a severe, worldwide financial crisis. In the United States, the stock market plummeted, unemployment soared, and the economy plunged into recession. Many other countries faced a similar fate, and it took years for the global economy to recover. To prevent a similar crisis from recurring, Congress enacted numerous laws to regulate the mortgage industry and oversee the nation's banking system. But were these reforms sufficient?