Lehman Brothers survived the Civil War, the Great Depression, two World Wars, and the attacks of 9/11, yet under the leadership of Richard Fuld the investment bank went from storied Wall Street firm to catalyst of last year’s economic crisis. What went wrong? Paul Solman reports. Continue reading
On the one-year anniversary of the collapse of Lehman Brothers, President Obama visited Wall Street to urge financial firms to remember the lessons of the economic crisis and to press for regulatory reforms. Continue reading
Question: Chairman Bernanke mentioned in the News Hour forum back in July that the key trigger to Depression 1.0 was the failure of a large central European bank. With Austrian and other banks in deep distress (I believe Austrian banks … Continue reading
Judy Woodruff speaks with journalists about federal deficit projections and President Obama’s nomination of Federal Reserve chief Ben Bernanke for a second term. Continue reading
Question: I often hear that WWII finally ended the Great Depression. How can it be that a relatively short war (WWII) was so helpful to the economy but our current wars (Iraq and Afghanistan) are hurting the economy? Paul Solman: … Continue reading
The third and final installment of a special forum with Federal Reserve chief Ben Bernanke, moderated by Jim Lehrer in Kansas City, Mo.
In part two of Jim LehrerÆs conversation with Ben Bernanke, the Federal Reserve chief discusses the state of the Obama administrationÆs economic recovery efforts, and the central bank’s efforts to help homeowners facing foreclosure. Continue reading