Description:Â PIMCO CEO Mohamed El-Erian explains how collapse of Lehman Brothers destroyed confidence in the economy.
Source: CNNMoney â€“ video report
Questions for discussion:Â
- Summarize the reasons given for the financial crisis.
- Do you believe the fear expressed by El-Erian was experienced by everyone? Explain your answer.
- How do you think financial managers will handle risk in the future, now that we have experienced this period of unrest?