Day the Banking World Stood Still ; the Crash: One Year On Lehman Brothers [Scot Region Edition 2]
Daily Mail › September 08, 2009
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Summary
As the anniversary of the climax of the banking crisis approaches, the Daily Mail today launches a series of investigations into events that brought the global financial system to the brink of disaster. Here, BEN LAURANCE examines the collapse of an American banking icon UNTIL that very weekend, it seemed Lehman Brothers could still be saved. The date was Friday, September 12, 2008.
Thirty of the most powerful figures in the American banking industry were summoned to the headquarters of the US Federal Reserve in New York. They were given a stark and chilling message.See the full content of this document
Extract
Day the Banking World Stood Still ; the Crash: One Year On Lehman Brothers [Scot Region Edition 2]
The assembled group was by US Treasury Secretary Hank Paulson and Ben Bernanke, chairman of the Federal Reserve. Merrill Lynch and Lehman Brothers were on the brink of collapse, they said.
No, Washington ...See the full content of this document
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