Wall St. Meltdown, One Year Later

Tuesday, September 15, 2009

It was September 15th, 2008 that Lehman Bros. filed for bankruptcy and the financial industry suffered one of its worst weeks ever. Greg David of Crain's New York Business was the guest one year ago; he discusses where the NYC economy stands today.


Greg David

Comments [12]

beatrice crane-baker from Westport,Ct

The banks are not cooperating well, after issuing outrageous loans they should not have

I live in two houses in two states. I go back and forth. That was out of the norm for elligibility requirements.

After loosing my retirement nest egg, I cannot afford the second house which used to pay the other house.....a common story. I have been late with three payments and still won't consider loan modification....

Sep. 15 2009 11:18 AM
hjs from 11211

Calls'em,3 i guess what u are saying is: democracy works?

Sep. 15 2009 10:44 AM

I love that quote,

"It's not what was illegal that is outrageous.

It's what was perfectly legal and remains so."

Sep. 15 2009 10:32 AM

if david isn't going to dare say what comes next then what the heck is he blathering about ... not interested in his girlfriends son at all

Sep. 15 2009 10:29 AM

Calls'em As I Sees'em from Langley, VA -- kudos on the diligence but what's up with the unrelated comments on the pages of this show? What's the point of your badgering exactly? Seriously. Do you work out at all?

Sep. 15 2009 10:22 AM
Calls'em As I Sees'em from Langley, VA

Obama lectures Wall Street and Kanye West while "Rome burns."

Correction the defunding ACORN vote was only 83 to 7. Acorn was promised 8.5 billion dollars. lol.

ACORN has now been officially removed from doing the US Census. They are being investigated in at least 14 states for voter fraud and other crimes. They are closely linked to the Obama campaign and the massive funding of such. People will be going to jail.

Sep. 15 2009 10:20 AM
hjs from 11211

the culture of greed will go on

Sep. 15 2009 10:20 AM
RLewis from bowery

"Too big to fail" was the mantra. And we all thought that our government would do for banks what it did for telecoms a decade ago. Our Confidence was riding on it and that's society's driving engine.

But alas, nothing has been done, because the banks have to much lobbying power and the people don't. There will be no rebound until this slogan is addressed for the sake of restoring confidence.

Whoever said that money is equivalent to free speech should be taken out to the woodshed - it beats people power everytime.

Sep. 15 2009 10:15 AM
Jackie Kamin from Manhattan

What does Mr. David think about Matt Taibbi's article this year suggesting the decision to let Lehman fail was influenced by a desire to help Goldman Sachs, their competitor?

Sep. 15 2009 10:12 AM
Calls'em As I Sees'em from Langley, VA

Perhaps Wall Street can learn how do business the Democrat Party community activist way ala ACORN -- you can make a lot of money breaking the law and not paying your taxes. Oh, maybe ACORN learned its trade from Wall Street. lol.

PS - Brian for pity's sake, PLEASE do your job and cover the multiple scandals breaking in the Obama administration. EVEN AL FRANKEN VOTED TO DEFUND ACORN. THE VOTE WAS 87-13. AND NOT A WORD OF THE UNDERLYING REASON FROM WNYC OR NPR. SHAME! SHAME! SHAME!

Sep. 15 2009 10:12 AM
No Rube

Of people who had worked in or around the finance sector for more than 5 years, about the only person who WAS surprised one year ago today was Mr. David.

He actually thought and probably still thinks there is more to wall street than greed -- he remains alone, god bless him.

Sep. 15 2009 10:11 AM
Robert from NYC

I recommend highly watching today's Democracy Now and hear what Nomi Prins has to say about this. Just how much has Wall Street it changed!

Sep. 15 2009 08:28 AM

Leave a Comment

Email addresses are required but never displayed.

Get the WNYC Morning Brief in your inbox.
We'll send you our top 5 stories every day, plus breaking news and weather.