VOICED: LehmanÕs Collapsing, one year after

The transcript discusses the financial crisis triggered by the collapse of Lehman Brothers in 2008, highlighting the risks taken by investment banks on subprime loans. It describes the global market panic and the subsequent intervention by the US government and Federal Reserve to stabilize the economy. The transcript also notes the initial signs of economic recovery, such as rising global market trading and reduced jobless claims, while acknowledging ongoing consumer caution.

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