Monday was the most momentous day on Wall Street since the 1930s. America said no to another bailout and farewell to two venerable institutions, Lehman and Merrill Lynch. So what is next for the global economy? From the 22nd floor of the newest of the City of London skyscrapers, The Willis Building, Evan Davis was joined by: • Robert Peston, BBC business editor • Gillian Tett, assistant editor, Financial Times • Nouriel Roubini, professor of economics and international business, Stern School of Business, New York University • Avinash Persaud, chairman, Intelligence Capital • George Magnus, senior economic advisor, UBS • Dr Linda Yueh, economist, Oxford University • Diana Choyleva, director, Lombard Street Research • Andrew Moss, chief executive officer, Aviva • Martin Weale, director, National Institute of Economic and Social Research • Dr Benjamin R. Barber, author, Consumed • Bridget Rosewell, founder, Volterra • Jon Moulton, founder, Alchemy partners • David Shairp, chief global strategist, JP Morgan Asset Management • Sam Stovall, chief investment strategist, Standard and Poors Producer: Sue Davies Researcher: Michael Wendling Europe, UK central banks shore up markets reeling from Lehman Brothers’ crash
The second shock from Lehman Brothers’ crash is expected when Wall Street opens Monday, Sept. 15. The European Central Bank injected 30 billion to steady the markets, followed by the Bank of England, which earmarked 5 billion sterling to arrest the City’s slide.
• AIG thrown $20bn lifeline
• Merrill Lynch seals future with Bank of America dealRogers: Dollar To Lose World Reserve Status
With the greenback plummeting after the news of Lehman Brothers' bankruptcy, top investor Jim Rogers predicts that the dollar will lose its status as the world reserve currency status and has resolved to buy more gold despite a recent fall in the price of the commodity.Greenspan - US In 'Once-In-A-Century' $ Crisis
Tectonic Shift As Lehman Fails, Merrill Sold
Big Insurer AIG's Portfolio Plummets
The Credit Crunch Mess: What Next?
What next for the credit crunch?
In The Credit Crunch Mess - What Next? Evan Davis hosted a live debate on Monday 15 September 2008 at 2000 BST.
Monday, 15 September at 2002 BST
On Radio 4 and Online
Global problem
How has the credit crunch hit different parts of the world? 
In graphics
Facts and figures behind the credit crunch 
New York shock: Lehman is broke 
London workers react to Lehman news 
Alan Greenspan warns of financial crisis 
The Credit Crunch Mess, What's Next? 
Evan Davis presents a live debate, featuring BBC Business Editor Robert Peston.
A panel of experts tackles three key questions: whether the banks should be reigned in, whether consumers should be spending less and saving more, and whether the era of American economic dominance is finally over.
In conclusion, the guests discuss what might happen next in the world of global finance.
The Credit Crunch Mess - What Next?
LATEST NEWS
BACKGROUND AND ANALYSIS
US MORTGAGE GIANTS
IN VIDEO
LEHMAN BROTHERS
HAVE YOUR SAY
RELATED BBC LINKS
Posts
