On 12 September 2008 the heads of Wall Street’s three biggest investment banks are summoned to a late afternoon meeting at the New York Federal Reserve. After six months of turmoil in the world’s financial markets Lehman Brothers, the fourth biggest player on Wall Street, is on life support and the government is about to pull the plug.
As Lehman CEO Dick Fuld waits anxiously in his 7th Avenue headquarters for news from the Fed, US Treasury Secretary Hank Paulson drops a bombshell – Lehman Brothers is not too big to fail and this time there will be no public money for a bailout. After 42 years with the firm he calls the mothership, Fuld’s time is running out.
Drama going behind closed doors to tell the story of three days that shook the world.
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Floored : The Movie
17 May 2010 3:33 AM | View CommentsA world that’s more riot than profession, the trading floors of Chicago are a place where gambling your family’s mortgage is all in a day’s work. Floored offers a unique window to this lesser-known world of finance. These men may not have degrees, but they’ve got guts, and penchant for excess that solicits simultaneous feelings [...]
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BBC: The Love of Money – Episode 3 – Back from the Brink
26 September 2009 6:40 AM | View CommentsThe Last of episode of “The Love of Money” three part series. In the month that followed the bankruptcy of Lehman Brothers in September 2008, the world stared into the abyss of total financial collapse. The third part of the BBC’s definitive series on the crash tells the extraordinary story of how politicians reacted, and asks [...]
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BBC: The City Uncovered with Evan Davis
12 September 2009 5:15 AM | View CommentsA documentary on the financial system hosted by the cheery Evan Davies, in three parts. Starting with a story about a mistake made by NASA when the engineers used imperial measurments while the engineers thought they were using metric, causing an unmanned spaceship to explode, Evan compared this to the $100 billion gone from the banking [...]
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Dispatches – Crash – How long Will it Last ?
26 September 2009 6:28 AM | View CommentsIn the second half of this special two-part Dispatches, economist and author Will Hutton continues the definitive insider’s account of how Britain’s economy went from boom to bust. Hutton reveals how those who tried to warn of the impending financial disaster were shouted down, ignored or fired. As a result, the repercussions of the collapse of [...]
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BBC: The Love of Money – Episode 2 – The Age of Risk
19 September 2009 9:38 AM | View CommentsThe series on the global crash examines the boom years before the bust. With testimony from many of the key decision makers who shaped our lives over the last two decades, including Gordon Brown, governor of the Bank of England Mervyn King, and an exclusive interview with former chairman of the US Federal Reserve Alan [...]
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Traders Audio
