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 what has been learnt from the entire calamity. Could it happen again?
With unrivalled contributions from the key decision makers including US Treasury Secretary Tim Geithner, Gordon Brown and five other finance ministers, the programme pieces together the details of an extraordinary moment in history, when the world faced its greatest financial crisis.
Series offering a definitive account of what happened to create the greatest financial crisis for eighty years. The series on the global crash examines the boom years before the bust. With testimony from many of the key decision makers, including Gordon Brown, governor of the Bank of England Mervyn King, and an exclusive interview with former chairman of the US Federal Reserve Alan Greenspan, it charts how the financial bubble grew and grew. The programme explains how we changed our attitude to risk, learnt to live with debt, and above all, how governments stepped back from regulating any of it.