Audio slideshow: Lehmans' last day

The collapse of Lehman Brothers - in September 2008 - was the biggest bankruptcy in US corporate history. The bank had incurred losses of billions of dollars in the US mortgage market.

The resulting shockwave that week was far reaching - with share prices plunging around the world, and other financial companies coming perilously close to the same fate as Lehmans'.

Here - with the help of BBC Radio reports from that week - see how events unfolded.

http://news.bbc.co.uk/1/hi/business/8234734.stm

25 billion from Barclay's could've saved them on the Sunday but there was a technical problem. Paulson needed confirmation of that that commitment by midnight on Sunday 14th - before Japan opened. Darling explained to him that under UK law that would be illegal - would've needed a shareholder vote that couldn't be done until the Tuesday.

It is hard to believe that these boys had the legislators in agreement with removing regulations, and the man who helped sell it's message talking about a once in a Century event....Blah Blah!