Episode 1 - The Day Wall Street Stopped, The 2008 Story

On September 15th, 2008, Lehman Brothers collapsed - triggering the biggest financial crisis since the Great Depression. 17 years to the day since Lehman Brothers fell, Shield returns with Gone Rogue: The 2008 Story.  Hear from those inside the bank itself as we reveal how systemic compliance failures across Wall Street helped turn a housing downturn into a global financial meltdown.In this first episode we ask the hard questions: Why did Lehman Brothers fail when others survived? How did compliance failures across the industry fuel the crisis? Could regulators, risk managers, or compliance officers have stopped it before it was too late?Key insights from this episode include why compliance was seen as a checkbox exercise in 2008, how “Liar Loans” and subprime mortgages slipped through the system unchecked and the widespread culture of risk-taking that blinded Wall Street.This is a Message Heard production for Shield. Find out more at https://www.shieldfc.com