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Transcripts For CNN The 2000s 20240706

feeling their pain. this is the biggest point drop that has ever been seen. we are in the midst of a serious financial crisis and the federal government is responding with decisive action. these guys have been gambling with the house money for years and it s our job to bail them out? the largest swindle in wall street history, and alleged 50 if you million dollar ponzi scheme by bernard madoff. you belong in jail, you criminal! the pardon is over. if there was any company that could make energy cool, it was enron. the texas energy broker treated electricity like any other commodity. it buys and sells billions of dollars worth of energy, every day. it s the largest company of its kind in the world. enron is a company that deals with everyone with absolute integrity. we play by all the rules and stand by our work. we mean what we say . ken lay was the original ceo, he ran enron when the company was created out of the merger of two pipeline companies. he seem

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Transcripts for CNN The 2000s 20240604 02:36:00

There are two left out of five. when they third bankruptcy, i cannot explain to you the shock and awe in the investment community. if lehman can go down, what does that mean about the health of the financial system? you are talking about investment banks, how have they been getting it wrong for so long. they say on wall street nothing happens until the lines of fear and greed cross, and there s no better example of the lines of fear and greed crossing been the lehman bankruptcy on september 15, 2008. the markets were fearful. our future at stake. this is a once in a half- century probably once in a century type of event. is it the worst you ve ever seen? by far. because you ve let lehman go

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