Ann Treneman’s review in The Times of The Lehman Trilogy at the National Theatre concludes: “It ends badly in 2008, of course, but you knew that.” When I read the review, I took this to be a flippant comment. Having seen the play, I realise that her observation is more salient than I grasped. Stefano Massini’s saga runs for nearly three and a half hours in Sam Mendes’ production and only the opening and closing seconds deal directly with the collapse of Lehman Brothers in 2008. The playwright’s interest is in the preceding century and a half as he interweaves the related threads of the evolution over three generations of the Lehman family from immigrant arrivals to scions of the establishment, the transformation of the company they founded as a shop in Alabama into a dynamo of American capitalism, and the shifting sands of the Lehman family’s relationship to their Jewish heritage. It’s a tale of our times, told from the past.