Providing a sneak peak of the CNBC Unique “Disaster On Wall Avenue: The Week That Shook The World” premiering Wednesday, Sept.12 at 10pm ET/PT.
Ten years after the autumn of Lehman Brothers, CNBC has produced the definitive televised account of the historic chapter and cascade of occasions over a September weekend in 2008 that led to the worst monetary disaster in generations. On this prime time unique documentary, Andrew Ross Sorkin, CNBC anchor and writer of the groundbreaking best-seller “Too Massive to Fail,” reviews on how the nation and the world got here as shut as ever to a full financial collapse.
The story is advised by means of gripping interviews with these on the highest reaches of the U.S. authorities in addition to the CEOs of the nation’s largest banks who gathered to attempt to save Lehman Brothers from failure. Wall Avenue chiefs Jamie Dimon, John Thain, and others describe dramatic, around-the-clock negotiations. Former U.S. Secretary of the Treasury Hank Paulson tells of the determined second when he realized {that a} Lehman chapter might convey down the world’s monetary system.
May a monetary disaster of this magnitude occur once more? Sorkin places that query again and again to the folks gathered for this CNBC documentary, who shouldered the destiny of the world’s funds and who recall the nightmare state of affairs they confronted down ten years in the past.
“It might be breadlines throughout the nation for a technology,” former president of the N.Y. Federal Reserve Tim Geithner advised Sorkin. “We did really feel that we had been making selections and confronted with outcomes that might be devastating to the lives of lots of of tens of millions of individuals.”
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Disaster On Wall Avenue: The Week That Shook The World (Half 1) | CNBC
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