Follow the biggest story of our time through CNBC's unique collection of news stories, interviews, special reports, slideshows, videos and charts. You'll find newsmakers, news breakers and market-moving moments as the crisis unfolded. We'll also tell you what it all means today with analysis and insights as we look back. The crisis--then and now.
The Crisis - One Year Later
This Day 1 Year Ago
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For Wall Street and Washington alike, September 2008 was the cruelest month in almost a century. Follow events day by day as they happened and were covered on CNBC.
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An in-depth, media-rich timeline that tracks the story of America's economic collapse, highlighting key moments and players
Features & Analysis
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A year after the roughest stretch for the U.S. economy since the Great Depression, these financial titans have either stepped out of the spotlight or come to the end of their careers.
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Treasury Secretary Timothy Geithner offered a spirited defense of the government's efforts to forestall another Great Depression but cautioned that the recovery would be slow and painful.
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Failure to address the underlying weaknesses in the banking system and some shortcomings in the package of regulatory reforms for the financial sector could result in a crisis relapse in the next few years.
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One year after Lehman Brothers’ failure, former employees remain haunted and confounded by the event. “It wasn't Lehman's employees who failed; it was the leadership,” says one ex- senior manager.
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A year after the collapse of Lehman Brothers, one thing is clear: banks' ability to make quick money will take a hit, as shell-shocked regulators impose tighter rules on them.
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Though the tumultuous domino effect of September 2008 will be remembered as the tipping point of the financial crisis, its first major eruption was in the late summer of 2007 with the subprime mortgage meltdown. Much has changed since then. Here's how its reflected in key economic indicators.
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The financial sector took another hit after Lehman Brothers filed for bankruptcy protection on Sunday and Wall Street scrambled to shore up the system.
Related Special Reports
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The Fall of Lehman Brothers - A CNBC Special Report
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