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Detailed text transcripts for TV channel - DW - 20180914:12:23:00

A run on the banks. what began as a u.s. subprime mortgage crisis soon had an effect on the global economy trade slowed down dramatically the result in the year two thousand and nine the u.s. economy contract by almost three percent and the german economy shrunk by five percent. and for more on that i m joined now by my colleague last hired to who was a correspondent on wall street for the u.n. all of this happened so tell me what was it like that particular day the ominous september the fifteenth two thousand and eight how did you experience it well i think i was a shocking day really even though times had already been pretty rough markets were down there were a little shaky we knew about problems for the banks we knew about the real estate problems but it was just a shock to see these lehman bankers coming out of their office with their boxes packed and you know you re part of a financial big financial community that s almost like ....

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