Steve Kroft investigates the collapse of Lehman Brothers, which triggered a chain reaction that produced the worst financial crisis and economic downturn in 70 years. My caveat here is that the collapse of Lehman was not the cause of the financial crisis, but rather it was a pronounced symptom of the reckless leverage and speculation that had built in the financial system over the preceding 15 years.
And most importantly, these risks have not been purged over the past 5 years as Congress and regulators so far have remained committed to supporting financial firms and their leaders rather than the rule of law, disclosure and free markets. Here is a direct link.
Cory’s Chart Corner
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