The Last Days Of Lehman Brothers

It was only a matter of time before someone got pen to paper and started to write a drama based on the financial meltdown of the entire world. In fairness, it is a pretty important subject.

In a new drama, dubbed The Last Days Of Lehman Brothers, BBC Two will show us how the whole horrible mess unfolded, with a cast including James Cromwell (Six Feet Under, 24, LA Confidential), James Bolam (New Tricks), Ben Daniels (Law And Order: UK, The Passion), Michael Landes (Love Soup, Material Girl) and Corey Johnson (Spooks, United 93, The Bourne Ultimatum).

It’s worth pointing out that this new show is a work of fiction inspired by the real events that took place on the weekend of 12 September 2008 and will tell the story of what happened the weekend that Lehman’s Bank went to the wall.

Executive Producer Ruth Caleb (Short Stay In Switzerland, Born Equal, Judge John Deed) says: “In the year following the collapse of Lehman Brothers, writer Craig Warner has written a very engaging script inspired by those events.

“We are also very fortunate that we have an exceptional cast, including James Cromwell, Ben Daniels and James Bolam to bring those events to life.”

By Friday 12 September 2008 confidence in the American bank Lehman Brothers had plunged.

Its clearing bank was demanding more collateral, its attempts to raise money from a Korean bank had stalled and credit agencies warned that, if it did not raise more capital, it would be downgraded.

The heads of Wall Street’s biggest investment banks were summoned to an evening meeting by the US Treasury Secretary, Hank Paulson (James Cromwell), to discuss the plight of another – Lehman Brothers.

After six months’ turmoil in the world’s financial markets, Lehman Brothers was on life support and the government was about to pull the plug.

Lehman CEO, Dick Fuld (Corey Johnson), recently sidelined in a boardroom coup, spends the weekend desperately trying to resuscitate his beloved company through a merger with Bank of America or UK-based Barclays.

But without the financial support of Paulson and Lehman’s fiercest competitors, Fuld’s empire – and with it, the stability of the world economy – teeters on the verge of extinction.

The Last Days Of Lehman Brothers will be a one-off, hour-long special and will TX on BBC Two this autumn

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