Description:  PIMCO CEO Mohamed El-Erian explains how collapse of Lehman Brothers destroyed confidence in the economy.

Source: CNNMoney – video report
 
Date: 12/10/2009

Link: http://money.cnn.com/video/fortune/2009/12/08/f_cs_pimco_food.fortune/

Questions for discussion: 

• 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?