American Morning

Tune in at 6am Eastern for all the news you need to start your day.
September 16th, 2009
10:09 AM ET

Banks Gone Bust: Life after Lehman

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.”


Filed under: Banks Gone Bust • Business
September 15th, 2009
01:00 PM ET

Banks Gone Bust: Lehman Brothers one year later

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.

Filed under: Banks Gone Bust • Economy
September 14th, 2009
10:10 AM ET

Banks Gone Bust: Reforming the financial system

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.

Filed under: Banks Gone Bust • Economy