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The Love of Money

Premier :: 2009-09-10

on BBC Two

Genre :: Documentary
6/10


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Summary

The collapse of Lehman Brothers tipped the world into the greatest financial crisis for eighty years. Now, one year on, , the BBC offers the definitive account of what happened. An unrivaled cast of contributors from national leaders, finance ministers and CEOs describe their tense negotiations in New York and London as Lehman Brothers headed towards bankruptcy. The likes of Gordon Brown, Tim Geithner and Alistair Darling reveal the dilemmas they faced and the decisions they took. This programme explains why the collapse of one bank had such disastrous consequences for the world's economy heralding the global recession.

Latest Episode

Series 1 - Episode 3 - Back from the Brink
Aired - 24 September 2009

Episode summary:

This tells the story of how close the world came to the brink of a total economic collapse last autumn. For the first time the key players tell how they battled to prevent a new great depression – and looks at what this has cost the world. Even today, few realise how close we all came to a truly catastrophic collapse of the very foundation of the modern world. The story is told by the people who took the decisions: Gordon Brown, Brazil's President Lula, finance ministers including the United States' Tim Geithner, Alistair Darling, Germany's Peer Steinbruck, France's Christine Lagarde, and Brian Lenihan from Ireland. Central bankers including Mervyn King and, for the first time, the behind-the-scenes officials tell the ups and downs of a month in which they held the fate of the world in their hands. How close did the world come to collapse? This is what Downing Street adviser Baroness Shriti Vadera says: "It does make my blood run cold to think of how close the whole global system was to collapse."

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