Although there are ISDA rules to cover such events, the sheer size of Lehman in the market (its gross derivatives positions will be hundreds of billions of dollars) makes this default a severe test.

ECONOMIST: The fallout from the bankruptcy of Lehman Brothers

Then there was the sheer creative fun of coming up with the designs and words for the cover.

CNN: The race for the perfect cover: 'Heaven while it lasted'

Patch and cover up of a confidence trick that beats Sub Prime and Bernie Madoff for sheer temerity!

FORBES: Bonds, Bailouts & Barber -Surgeon's