4.4 • 4.9K Ratings
🗓️ 11 September 2018
⏱️ 25 minutes
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0:00.0 | Financial markets are more complex than ever. That's why Goldman Sachs is |
0:04.5 | harnessing the power of its global analysis to break down the key factors |
0:08.5 | driving the markets and the economy each week. We'll be speaking with Goldman |
0:13.0 | Sachs' team of global economists, financial analysts, and investors to help |
0:17.6 | you prepare for the week ahead. Join us every Friday for just 10 minutes or |
0:21.8 | less. Listen to the markets. Your go-to source for un-missable financial insights. |
0:30.0 | Hello, I'm Helen Joyce, the finance editor of the Economist. Welcome to a |
0:39.0 | special edition of Money Talks. It's 10 years since the darkest moment of the |
0:43.6 | global financial crisis, the bankruptcy of Lehman Brothers. Lehman Brothers has |
0:47.9 | filed for bankruptcy stocks all around the world are tanking because of the |
0:52.0 | crisis on Wall Street. The collapse of Lehman Brothers set off a wave of panic on |
0:57.5 | Wall Street. Today there is unprecedented turmoil in our capital markets. |
1:03.2 | Lehman Brothers got caught in this financial tsunami. There's not a bank in the |
1:08.6 | world that has not been affected by the global storm. Some more than others. This is a |
1:13.1 | serious global crisis and therefore requires a serious global response. We will do |
1:20.1 | what it takes to resolve this crisis and the world's economy will emerge |
1:25.4 | stronger as a result. What lessons have been learned since then? How prepared |
1:30.4 | is the global financial system for a future crisis? Andrew Palmer, our business |
1:34.5 | affairs editor, was the banking editor in 2008. Andrew, you still scarred. Yes |
1:39.0 | absolutely totally traumatized. And Phil Coggan, our Bartleby columnist, was then our |
1:42.9 | buttonward columnist explaining the almost daily jaw-dropping falls in the stock |
1:46.6 | markets. What's the most dramatic day you can remember? Was that weekend as |
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