The day the bank fell
Sep 14, 2018

The day the bank fell

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When Lynn Gray went home on Friday, Sept. 12, 2008, she was expecting that her employer, Lehman Brothers, would be purchased over the weekend. Barclay’s and Bank of America were both considering saving it from bankruptcy. Things changed quickly. Gray's on the show today to tell us what it was like being in the building when Lehman fell and helped set off a worldwide crisis. Plus, a forensic accountant was a key witness in the trial of Paul Manafort. But what, exactly, is forensic accounting? We'll explain. But first, we talk about the past seven days of financial news in the Weekly Wrap.

Segments From this episode

How forensic accountants help bring down white-collar criminals and drug kingpins

Sep 14, 2018
A forensic accountant gave key testimony in the first trial of Paul Manafort, President Trump's former campaign chairman.
Paul Manafort, former campaign manager for President Donald Trump, leaves the E. Barrett Prettyman United States Courthouse after being charged Oct. 30, 2017, in Washington, D.C.
BRENDAN SMIALOWSKI/AFP/Getty Images

Government labor board proposes rolling back a rule that made union organizing easier

Sep 14, 2018
Business organizations support the change, but labor activists say it would make low-wage contract workers more vulnerable.

When Lynn Gray went home on Friday, Sept. 12, 2008, she was expecting that her employer, Lehman Brothers, would be purchased over the weekend. Barclay’s and Bank of America were both considering saving it from bankruptcy. Things changed quickly. Gray’s on the show today to tell us what it was like being in the building when Lehman fell and helped set off a worldwide crisis. Plus, a forensic accountant was a key witness in the trial of Paul Manafort. But what, exactly, is forensic accounting? We’ll explain. But first, we talk about the past seven days of financial news in the Weekly Wrap.

Music from the episode

Uncle ACE Blood Orange
Tightrope - feat. Big Boi Janelle Monáe
Jump Around House Of Pain
Pink + White Frank Ocean
You Know I'm No Good Amy Winehouse