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Hello, because of the death of Pope Francis being announced on Monday morning, we thought

we should hold off publishing the second episode of old newscast, looking back at the collapse

of the American Investment Bank Lehman Brothers and what that meant for the global financial crisis.

So here, a day later than planned,

is the next part of that riveting story in this episode of old newscast.

Newscast from the BBC. This market is as volatile as you'll ever see. We are going through

a period of extraordinary turbulence in every part of the world. The chancellor has said,

don't panic. So did the captain of the Titanic. The Chancellor has said, don't panic.

So did the Captain of the Titanic.

We are in the most serious financial crisis in generations.

We not only save the world, save the banks.

So we've been talking about the day itself in September when Lehman Brothers went bust and everyone remembers the pictures of the people with their cardboard boxes. So we're now going to talk about what happened next.

And we're going to do that with BBC economics editor Faisal Islam, who's still here.

Hello.

And Gillian Tett from the Financial Times. Hi, Julian.

Hi, Julian. Right. So Lehman Brothers has gone bust. Although what is interesting for me

for the conversation we had in the previous episode is everyone talks about Lehman Brothers going bust. Leman Brothers going bust. Leman Brothers going bust. A bank going bust. Actually, what I've learned from you to is that the main thing is it's the American government not preventing it going bust. That's actually the real thing there, Faisal. It is.

Obviously the bank going bust is a big deal, but actually the bigger deal is the...

And there's a, there's on the table, there is that rescue plan from Barclays, which means

that this becomes, there's a big London angle to this story.

And now I've sort of refreshed my memory.

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