# Stephen Schwarzman on Global Financial Crisis

> Stephen Schwarzman recalls the 2008 financial crisis and his push for a short-selling ban.
- Title: Stephen Schwarzman on Global Financial Crisis · Nikkei Asia
- Summary: Stephen Schwarzman recalls the 2008 financial crisis and his push for a short-selling ban. Stephen Schwarzman describes his role in advocating for a…
- Keywords: stephen schwarzman, global financial crisis, short-selling ban, bank stocks, financial panic, lehmans bankruptcy, 2008 crisis, news, business, world, Stephen, Schwarzman
- Source: Nikkei Asia — https://asia.nikkei.com/spotlight/my-personal-history/the-global-financial-crisis-part-1-stephen-schwarzman-21
- Published: 2026-10-21T22:00:12+00:00
- Read time: 1 min
- Topics: stephen schwarzman, global financial crisis, short-selling ban, bank stocks, financial panic, lehmans bankruptcy, 2008 crisis, news, business, world
## Stephen Schwarzman
Stephen Schwarzman describes his early awareness of the financial crisis around 2006.
## Pushing for short-selling ban
Schwarzman advocated for a short-selling ban on bank stocks to stem panic during the 2008 crisis.
## Lehman Brothers bankruptcy
Lehman Brothers filed for bankruptcy on September 15, 2008, triggering the global financial crisis.
## Key takeaway

Stephen Schwarzman describes his role in advocating for a short-selling ban on bank stocks during the 2008 financial crisis to prevent panic.