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It was ten years ago today that lehman brothers, one of the biggest investment banks in america, filed for bankruptcy, the largest bankruptcy in history and set off a panic on wall street helping usher in the financial crisis that cost the global economy trillions of dollars. the bank was ultimately doomed by reckless risk taking leading the government to institute a host of new regulations. but since being elected, the president has been working to roll back a lot of those rules. i want to bring back michael and ben. ben, ten years ago today, i was in investment banking. i was sitting there going through line items of exposure my firm, deutsche, had to lehman. after that, we saw all of these financial regulations put in ....
Finally bottoming out march 9 of 2009. that was then. this is now. an eight-year long bull market that appears to still be going strong. are there signs perking up of another bubble? here s charlie gasparino. are you seeing any signs here? i want to say one thing. cavuto still has the same hair line. liz: exact same. i don t know what he s drinking. maybe it s the pumpkin spice lattes. they have hair growth, a hair growth formula. listen, i was knee deep in covering the financial crisis. i remember the slow burn for two years of how it went from a credit crunch where banks couldn t get credit to a to the insurers going insurance to bear stearns blowing up, to lehman and the full monty of the whole thing imploding. there s not the signs right now. we don t have the signs right now of what happened then. nothing close. the banks are not holding extremely impaired assets. ....