Paul Bagnell looks back on the extraordinary events that sent shockwaves through the global financial system, beginning with the fall of Lehman Brothers.
One year ago, Bank of America's rescue of Merrill Lynch threatened to tarnish the reputations of CEOs, the Treasury Secretary, and the Federal Reserve Board chairman. Mark Bunting has the story.
Public outcry over an astronomical bailout. Congressional grillings. Death threats. Edward Liddy faced it all during his brief tenure as CEO of American International Group. Niall McGee has the story of the face of AIG during its darkest days.
For ten months, the Troubled Asset Relief Program rescued the U.S. economy from another depression. The jury is still out on how effective it was. Brett Harris reports on TARP.
BNN takes a special look back at the financial crisis that gripped credit markets around the world, looking at how far we've come one year later. BNN discusses the crisis with Sam Stovall, chief investment officer, S&P.
BNN talks to Lawrence McDonald, former Lehman Brothers VP and author, "A Colossal Failure of Common Sense: The Inside Story of the Collapse of Lehman Brothers".
A look back at why Lehman failed and how we can avoid another collapse in the investment banking industry with Bruce Foerster, managing director, South Beach Capital Markets, and a former Lehman Brothers employee.
The legacy of Lehman's collapse is diminishing American power on the financial world stage. BNN speaks to Richard Bove, VP equity research, Rochdale Securities.