US still on the mend, 5 years after Lehman collapse

Five years after Lehman collapse, the US is still on the mend.

WASHINGTON:  It’s an anniversary without celebration: five years after the implosion of banking giant Lehman Brothers sparked the worst crisis in generations, the US can say it avoided catastrophe.

After just barely pulling back from the precipice, industry is picking up, home prices are gaining, banks are stable and American consumers have started spending – albeit still with great caution.