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September 16, 2009

Banks Gone Bust: Life after Lehman

Posted: 10:09 AM ET
Christine Romans - Business Correspondent, CNN's American Morning
Filed under: Banks Gone Bust • Business

Imagine you've gone to school for years, your only goal to break into the world of finance. And it happens. You get an interview and land the job of your dreams.

Then your company goes bust and markets across the globe tank. That's exactly what happened for some of the youngest workers at these "Banks Gone Bust." CNN's Christine Romans report.

One year ago, a whole crop of young investment bankers and analysts packed their boxes and left their dreams of big Wall Street careers behind them.

Avi Yashchin, who had spent long hours trading credit default swaps for Lehman Brothers, says he initially felt lost.

“I immediately started calling my friends trying to find out what the next big thing is. And everyone said the same thing – ‘green.’ You have to get into the green industry.”

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September 15, 2009

Banks Gone Bust: Lehman Brothers one year later

Posted: 01:00 PM ET
Carol Costello - Correspondent, CNN's American Morning
Filed under: Banks Gone Bust • Economy

It's been a year since Lehman Brothers went bust. It was the economic shot heard round the world.

Today we're asking – what really went wrong at Lehman? Have we learned anything from it and the financial collapse that followed?

CNN's Carol Costello has the report in the latest in our "Banks Gone Bust" series.


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September 14, 2009

Banks Gone Bust: Reforming the financial system

Posted: 10:10 AM ET
American Morning - amFIX
Filed under: Banks Gone Bust • Economy

It has been a year since Lehman Brothers collapsed and we learned about the big risks Wall Street was taking with our money. Today we kick off a series of special reports called "Banks Gone Bust."

We're asking if Wall Street can ever be trusted with our money again. CNN's Allan Chernoff investigates whether we're any safer today.


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American Morning

This week: Success in Sour Times
Even with talk that the recession is over, unemployment rates are still in double digits across the nation. In this week's series, we're tracking down stories of people turning things around in this bad economy.

Don't Miss: Counting Down Cady
coleman.cady.nasa.tzmos Watch American Morning each week as we follow NASA astronaut Cady Coleman on her year-long mission to space. Look here for blogs, photos and video updates from Cady as she documents the behind-the-scenes life of an astronaut.

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Just Sayin'

CNN's Carol Costello reports on hot topics stirring debate across the country. Just Sayin' aims to be provocative and encourage thoughtful discussion. Join the conversation.

Wingnuts of the week

What's a Wingnut? Someone on the far-right wing or far-left wing of American politics. In a polarized two-party system, they have disproportionate influence and too often define the terms of debate. With "Wingnuts of the Week," commentator John Avlon tries to take that power back.

twitter
@amFIX: "We Listen - Your comments 11/23/2009" - http://bit.ly/6Jam5W
Updated: Mon, 23 Nov 2009 12:00:36 -0800
@amFIX: RT @PoliticalTicker: " Democrat to retire" - http://bit.ly/6iLVNP
Updated: Mon, 23 Nov 2009 09:35:56 -0800
@amFIX: "'King of the world' James Cameron returns with 'Avatar'" - http://bit.ly/5WcKER
Updated: Mon, 23 Nov 2009 08:28:56 -0800
@kiranchetrycnn: Check out my interview with RNC Chairman Michael Steele http://amfix.blogs.cnn.com/2009/11/23/rnc-targets-dems-who-could-swing-health-vote/
Updated: Mon, 23 Nov 2009 08:01:31 -0800
@amFIX: "RNC targets Dems who could swing health vote" - http://bit.ly/58rrEz
Updated: Mon, 23 Nov 2009 07:50:15 -0800
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