Hello there, I'm Ed Butler and welcome to Business Daily from the BBC World Service.

Coming up, the Lehman's crisis remembered from those who were there at the time.

In that week in September, we were three days away from ATMs not working.

I think the best way to describe it was it would have been my red lines across the country

for a generation, the balance of terror.

And 10 years on, Lehman's employees themselves asked whether the decision to let that bank

fail could have been different.

Absolutely, Lehman didn't need to fail.

It could have been saved.

However, it was a political decision. Remembering the

politics and the pressure in Business Daily from the BBC. Ten years ago this weekend, Lehman Brothers

filed for bankruptcy. There had, of course, at the time, been warning signs, notably with the demise of another New York Investment Bank, Bear Stearns, a few months before.

But Lehman's was the big one, the biggest bank failure in history.

It was the point the debt-fueled vulnerability of the entire global banking system was exposed.

And when it almost came crashing down entirely.

The collapse of one of America's biggest investment banks

has sent shockwaves around the world. Share prices are plummeted and thousands of jobs

are in jeopardy. Stock markets have gone into freefall after the collapse of Lehman Brothers,

but the US Treasury's secretary tonight insisted the American

financial system is sound. A former Labor Secretary tells us more needs to be done before

confidence is restored. This is a once-and-a-half century, probably once-in-a-century type of event.

Is it the worst you've ever seen in your career? Oh, by far. There's no question that this

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