There were 7 months between Bear Stearns (Feb '08) and Lehman (Sep '08) events, and things started to go downhill long before that - August 2007 in particular w

There were 7 months between Bear Stearns (Feb '08) and Lehman (Sep '08) events, and things started to go downhill long before that - August 2007 in particular was the turning point. Many in the US were simply asleep at the wheel, both in government and private sector.