Tom Burges Watson meets Andrew Ross Sorkin, the New York Times’ chief reporter on mergers and acquisitions. Barely a year after the collapse of Lehman Brothers, he bashed out no less than 539 riveting pages amounting to a second - or even third - draft of history, entitled "Too Big to Fail".
Two years after the collapse of Lehman Brothers prompted the US economic recession, the investment bank fetched over 12 million dollars on Saturday toward paying off its creditors after auctioning off numerous art works at Sotheby's.
Two years after Lehman Brothers filed the largest bankruptcy in US history, the fallen giant will auction off artworks from its European headquarters in a sale expected to raise about 3.1 million dollars that will help pay the bank's creditors.
It's been two years since the collapse of the Wall Street giant Lehman Brothers, an event which sparked the largest global financial crisis since the Great Depression of the 1930s. We take a look back at that momentous event and the path the world has taken in its wake.
To talk about financial regulation, Raphael Kahane talked to Larry McDonald, former VP at Lehman Brothers, and Managing Director at Pangea Capital. He comments on the release of the Lehman Brothers report and on financial regulation in the United-States, and how to prevent a future world financial crisis.
In this edition: One year ago, Wall Street's Lehman Brothers collapsed, setting the stage for the worst crisis since the Great Depression; Barack Obama fights back on healthcare; and Las Vegas welcomes the first bloodless bullfight "made in USA".
